Share this article
Brave Browser Adds Access to New Crypto Wallets
Prior to the addition, Brave users could only place BATs in Uphold, a wallet Brave partnered with for BAT.
Updated Sep 13, 2021, 11:20 a.m. Published Aug 16, 2019, 12:30 a.m.
Make us preferred on Google
More wallet features are on their way to the Brave browser.
Support for native cryptocurrency wallets was added to Brave Nightly per a posting yesterday in the official Brave subreddit, r/BATProject. Brave Nightly is a test and development version of the Brave browser.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Brave's three-part marketing system rewards content creators, advertisers, and viewers through its native token, the .
Image via Reddit
The update allows other cryptocurrency wallets to be used with Brave's BAT in new capacities. All users still undergo know your customer (KYC) requirements via Uphold, a wallet Brave partnered with for BAT.
Lack of support for other non-Uphold wallets has been a common complaint on Brave community threads since the token's launch. This bottleneck was self-designed, however. Brave wanted the token's use case, content creation tipping, to take-off. More importantly, perhaps, are the KYC services Uphold provides.
Speaking with CoinDesk, Brave co-founder and CEO Brendan Eich said KYC concerns remain a top priority due to regulatory concerns.
"[Brave] can't let fraud bots with Ledgers or Trezors take us to cleaners, and we have to avoid going to jail if some Office of Foreign Asset listed evildoer were to take out BAT that way," Eich said. "BAT is compliant via Uphold, and I'll defend that decision readily by citing our growth numbers, [both] publishers and users."
Eich said Brave added support for peer-to-peer wallets not to undercut regulators but lead the community forward. Adding wallet support helps adoption while keeping Brave's nose clean, Eich said:
"We have no illusions that raw crypto is not for most users -- it is unusable and way too technical. We do want the users who are able to use it to have integrated crypto wallets in Brave. These users innovate and may collaborate with us, sites and channels, hardware wallet vendors, proxied fullnode services, and even their favorite blockchains at core protocol and implementation levels, to innovate beyond what we alone, or the blockchain projects alone, can do. We like 'lead users' and provide extra options for them"
The wallet update comes days after untargeted ads were added on Brave Nightly for 21 new countries including Argentina, Denmark, Italy, Korea, and Singapore.
UPDATE (16, August 23:00 UTC): An earlier version of this article stated each Uphold transaction required know your customer (KYC) checks and identified the incorrect wallets Brave's update targeted.
Image via CoinDesk archives
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Di più per voi
Bitcoin, ether extend declines as leverage unwind accelerates: Crypto Markets Today
Crypto markets fell further overnight as bitcoin and ether extended losses, metals tumbled and liquidation pressure hit leveraged traders across derivatives markets.
Cosa sapere:
- Bitcoin and ether extended declines as the crypto market compounded Thursday's selloff.
- Silver and gold also fell, adding to broader market weakness alongside a firmer dollar.
- Crypto liquidations hit $1.8 billion, while bitcoin dominance slipped as traders rotated into riskier altcoins.
Top Stories
