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Coinbase announces the acquisition of Distributed Systems

Friday 17 August 2018 11:03 CET | News

Coinbase has acquired Distributed Systems, a US-based startup known for building an identity standard for dApps called the Clear Protocol.

Coinbase plans to develop “Login with Coinbase” or a similar identity platform for decentralised app developers to make it easier for users to sign up and connect their crypto wallets.

Coinbase’s plan to roll out the Login with Coinbase-style platform is a SDK that could be integrated by other apps, though that won’t imperatively be the feature’s name.

The two companies could build a safer version of identity than users get offline, a vision of identity where they can connect to decentralised apps while retaining control. Coinbase CEO confirmed their plans to work on an identity SDK.


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Keywords: Coinbase, Distributed Systems, acquisition, startup, identity platform, cryptocurrency, payments
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