RATE Group | Coinbase Discusses Acqui-Hire With Ripple-Backed Rental Startup
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Coinbase Discusses Acqui-Hire With Ripple-Backed Rental Startup

06 Oct Coinbase Discusses Acqui-Hire With Ripple-Backed Rental Startup

Posted at 11:51h in Cryptocurrency News by

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United States-based cryptocurrency exchange Coinbase is currently discussing the possibility of hiring the engineering team of Ripple-backed storage and rental startup Omni Rentals, tech news outlet TechCrunch reported on Oct. 5.

Not the only company interested

Per the report, two unspecified sources familiar with the situation told the outlet that Omni is currently struggling with layoffs and just lost seven operations team members. Besides Coinbase, the startup is also in talks with professional hiring intermediary Thumbtack for the same reason.

Coinbase would reportedly employ the engineering team to further develop its Coinbase Earn education platform that is currently available in over 100 countries. It was first announced in December last year and lets users earn crypto for studying the ecosystem.

Still, an official Coinbase spokesperson told the outlet that no deal took place so far and there’s nothing official to share.

Not many customers

TechCrunch explains that Omni’s…

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