Breadwallet – an open-source cryptocurrency software wallet – recently announced that it has been acquired by Coinbase. In response to the news, BRD token’s price has soared by 400%.
Breadwallet Joins Coinbase
Breadwallet announced its acquisition by Coinbase in a blog post earlier today. The team stated that it will work with the exchange to bring decentralization to more users around the world.
“At this time, nothing will change in the BRD wallet app,” read the statement, “and as always, your funds are safe and secure. You may continue to transact normally. In the future, BRD wallet users will have an optional migration path to self custody with Coinbase Wallet, which will include a special gift. Stay tuned for more details to come in 2022.”
Breadwallet launched as an app in 2014, focused on making crypto custody more accessible to regular people. According to a statement from 2016, the team was especially intrigued with the financial freedom and inflation hedging cap
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