Coinberry, BRD Partner to Bridge the “Gap Between the Fiat and Crypto World”

Francisco Memoria
  • Commission-free crypto trading platform Coinberry partnered with BRD to "introduce" its 1.2 million users to its platform.
  • The partnership's goal is reportedly to bridge "the gap between the fiat and crypto world.”

Coinberry, reportedly Canada’s first federally registered commission-free cryptocurrency trading platform, has recently partnered with BRD, formerly known as Bread Wallet, to introduce the latter’s 1.2 million users to commission-free crypto trading.

According to a recent press release, the partnership was announced at the Blockchain Futurist Conference in Toronto, Canada earlier this month. Toronto-based Coinberry, according to its website, uses proprietary algorithms and trust cryptocurrency exchanges like Kraken to serve its customers.

BRD, formerly known as Bread Wallet, reportedly services users in over 150 countries, allowing with them to store and trade top cryptocurrencies like bitcoin, bitcoin cash, and ethereum, as well as dozens of ERC-20 tokens. The wallet, per the press release, was the first crypto wallet available on Apple’s app store.

The partnership is set to “introduce BRD’s community of 1.2 million users to Coinberry’s platform.” Speaking to Betakit Peter Shanley, BRD’s head of business development, touted the partnership as “an opportunity to continue bridging the gap between the fiat and crypto world.”

He was quoted as saying:

We have offices all around the world, but we can’t be everywhere. So to find trusted, awesome partners and platforms who kind of ascribe to our kind of needs and values of simplicity design, privacy, security, in markets where we don’t have a presence… is a match made in heaven.

Peter Shanley

Per Adam Traidman, BRD’s CEO and co-founder, Coinberry’s advantages include its support for Canadian bank accounts and its lack of “long wait times,” which the platform presumably doesn’t have thanks to the liquidity of the world’s top crypto exchanges.

Notably there are other commission-free trading alternatives out there for users. Stock trading app Robinhood launched Robinhood Crypto earlier this year, allowing users to trade top cryptocurrencies without paying fees.

The app, which added support for Dogecoin last month, has been expanding in the US to be available to more users. After starting in only four states, its crypto trading service is now available in 18, with Georgia being its latest addition.

The company, as CryptoGlobe covered, is said to be in talks with regulators to offer banking services like savings accounts to its over 4 million users. In June its CEO revealed he believes the majority of users pay “exorbitant fees” with existing wallets and exchanges.

Microsoft's Bing Reportedly Blocked Over 5 Million Cryptocurrency Ads Last Year

Francisco Memoria

Microsoft’s search engine Bing has reportedly blocked over 5 million cryptocurrency-related ads last year, as a result of a ban the search engine enacted in an attempt to protect its users from fraudsters.

According to Bing’s ad quality review, the company’s bad account takedowns doubled in 2018, with cryptocurrency, weapons, and third-party tech support scams being the main problems it faced. Overall, Bing suspended “nearly 200,000 accounts” last year, and removed 900 million ads from its platform.

As covered, Bing banned cryptocurrency-related ads back in May, in a move it claimed was made to protect users from scammers, as the crypto market being unregulated meant cryptocurrencies “present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.”

At the time Melissa Alsoszatai-Petheo, who published the company’s blog post on the move, wrote:

To help protect our users from this risk, we have made the decision to disallow advertising for cryptocurrency, cryptocurrency related products, and un-regulated binary options. Bing Ads will implement this change to our financial product and services policy globally in June, with enforcement rolling out in late June to early July.

The move saw cryptocurrencies join other questionable products and services Microsoft banned from its platform. These include Ponzi and pyramid schemes, and the mentioned third-party tech support scams.

Bing notably banned cryptocurrency-related ads following bans enacted by search giant Google and social media giant Facebook. These two firms have since started allowing crypto-related ads from a few companies.

At the time, various cryptocurrency associations threatened lawsuits against the tech giants over what they claimed to be “cartel collusion” against cryptos, made in an attempt to manipulate the market.

Although Microsoft’s search engine has banned crypto ads, the tech giant itself has been accepting bitcoin payments since 2014. Its website even has a how-to page walking users through the process of topping up their accounts using BTC.