News Coinbase in talks to buy peer-to-peer storage company Omni

Coinbase in talks to buy peer-to-peer storage company Omni

-

- Advertisment -

On-demand physical storage company Omni has laid off several staff, and is considering selling its engineering team to crypto-exchange giant Coinbase, sources familiar with the matter told TechCrunch in a report published Friday.

Coinbase wants to hire some of Omni’s engineering staff to work on Coinbase Earn, a program which rewards users in crypto for studying online. Right now, users around the world can make up to $130 studying up on crypto (though most of this money is in referral fees). Coinbase Earn launched in December 2018 with support for 0x, adding support for BAT, Zcash, Stellar Lumens, EOS and Dai in recent months.

On Omni, users can have their belongings picked up and stored in warehouses whenever they wanted, or rent out their own stuff to other users. 

Omni raised $35 million in funding—$25 million of which was from Ripple last year. It is popular in San Francisco, but has struggled in recent months; Omni sold its storage business to a competitor, Clutter, but, according to TechCrunch, the transition was “botched.” 

“Users complained about changing prices and misplaced items, alarmed that suddenly a different startup had control of their possessions,” reads TechCrunch’s report. A source told TechCrunch that Omni was considering shutting down its rental service, though this remains unconfirmed.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Banking Sector is Ready for a Tech Revolution With Cryptocurrency

When our world is going through a massive change due to COVID-19blow, it is very likely that...

OpenDAO’s Bridge Opens New Possibility for Mass Adoption of DeFi

When Satoshi Nakamoto officially created Bitcoin on January 3, 2009, his vision for the digital asset was...

Crypto’s price surge was mostly due to limited information – here’s why

As the world becomes more and more digitized, the usage of one of the most popular cryptocurrencies,...

U.S. Authorities Seized Bitcoin Worth a Total of $1 billion

The cryptocurrencies were in the possession of a person who had hacked Silk road, which was detected...
- Advertisement -

Top 12 BEST Crypto Trading Bots for 2020

TL;DR: In this article, we present a list of the best Crypto Trading Bots of 2020. If...

Norwegian Block Exchange aims at becoming an official bank

Norway is famous for its economic stability and living standards. It is true that Norwegian love doing...

Must read

OpenDAO’s Bridge Opens New Possibility for Mass Adoption of DeFi

When Satoshi Nakamoto officially created Bitcoin on...
- Advertisement -

Read Next
Recommended to you