Coinbase “Acqhires” Kippt and Inc Founders for Product Team

Coinbase has announced that they’ve “acquired the team” behind Kippt and Inc as part of their product team. Kippt is a

Coinbase has announced that they’ve “acquired the team” behind Kippt and Inc as part of their product team.

Kippt is a startup that helps streamline the gathering, organizing and archiving of content for those researching the web and looking to retain their findings.

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Inc “enables you to easily share links, notes, files and have discussions inside your team or company. Think of it as a better mailing list.”

Mention is made of how the founders Jori Lallo and Karri Saarinen were together with Coinbase two years ago in Y Combinator, a U.S. based seed- accelerator. The two have already done work for Coinbase’s site and app gallery.

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In announcing their joining Coinbase, they write on Kippt’s blog:

“Like information management, exchanging value is an old and challenging problem. We believe that Bitcoin is one of the most important inventions of the past decade and it’s driving a major shift in the payments and financial industry. For the first time, designers and developers like us can now re-imagine the way financial transactions and products are designed and built. Coinbase is at the heart of this revolution and shares our passion to build beautiful and easy to use products. We could not be more excited about joining Coinbase’s product team and look forward to an epic adventure!”

While many loved their service, they conceded that it never achieved the growth allowing for a sustainable future, and deemed it better to join the rising world of Bitcoin. They will be keeping an eye on Kippt but discontinuing its paid service, Kippt Pro.

The deal may be yet another example of the trend for growing companies to snap up key talent and technologies through their “acqhiring” of smaller companies, usually start-ups.

Coinbase now supports over 1.2 million consumer wallets, 30,000 merchants and 5000 API applications.

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