Coinbase Expands its Earn Program to over 100 Countries

Coinbase has extended the reach of its learn-to-earn program that rewards users for learning about different crypto assets, aka Coinbase Earn, to more than 100 countries.

At launch, the exchange’s initiative was in invite-only mode and invited users had to watch educational videos to learn about new coins and tokens, then earn them by answering skill-testing quizzes. Eligible US users were able to earn up to $50 worth of XLM.

The San Francisco-based exchange also announced that it has expanded Coinbase Earn’s offer by adding support for additional Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, which now includes Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT) and 0x (ZRX).

“As of today, we’re opening up Coinbase Earn to a much larger number of users. Specifically, users from the United States, United Kingdom, many countries in the European Union (Belgium, Switzerland, Denmark, Ireland, Germany, Iceland, Luxembourg, Netherlands, Norway, Sweden), Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea, and Taiwan can now sign up to Coinbase and start earning immediately upon ID verification and meeting Earn eligibility criteria,” Coinbase said in today’s statement.

In less than a year, Coinbase turns Earn into a crypto destination

Coinbase has acquired Earn.com back in 2018, and since then it managed to transform the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based paid-email ‎service into a destination for people looking to expand their knowledge on cryptocurrencies and related technologies.

Earn.com’s co-founder and CEO Balaji Srinivasan also took ‎on the title of the first chief technology officer (CTO) at the San ‎Francisco startup.

At the time, media outlets gave different estimates of the acquisition ‎price, which hovers around $120 ‎million. But regardless of the actual price, the acquisition gave Coinbase access to a large audience that used the platform as a way to earn cryptocurrencies for performing simple tasks.

Founded in 2013, Earn originally was developing chips and hardware for ‎cryptocurrency ‎mining. The startup had rebranded in 2017 from 21.co with the launch of its ‎eponymous paid messaging platform, which allows senders to pay users in cryptocurrency to reply ‎to emails and complete tasks.‎

It has since pivoted to crypto-based ‎messaging technology, which ‎some believe the ultimate goal was to decentralize its network allowing each person to ‎join the ‎project and earn digital currencies for their micro-tasks.‎