Brave browser to integrate dedicated Binance Smart Chain DeFi wallet

Brave browser to integrate dedicated Binance Smart Chain DeFi wallet

The privacy-centric web browser Brave will soon integrate a dedicated Binance Smart Chain, or BSC, wallet, according to a recent announcement. This allows the browser’s users to open up to BSC’s ecosystem of decentralized finance, or DeFi, products.

Although Brave can already be configured to jump onto BSC manually, the addition of a preconfigured wallet is expected to simplify the process, requiring no special apps, wallets or additional tinkering.

Our top trading bots

In the meantime, the token at the center of the Brave browser, Basic Attention Token (BAT), has been made compatible with BSC in the form of Wrapped BAT (WBAT). Wrapping is the process where a blockchain ecosystem uses special tokens to facilitate the compatibility of different assets on another blockchain ecosystem. The most common example may be Wrapped Bitcoin (WBTC) on Ethereum, where Bitcoin uses these tokens to be compatible with the processes of Ethereum, expanding its use.

“Our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market,” said the CEO and co-founder of Brave, Brendan Eich.

Brave reportedly has over 25 million active monthly users, and over 7 million daily active users. The browser emerged as an alternative to mainstream browsers by offering increased privacy, less tracking and the ability to opt-in to the advertisements of a user’s choosing.

BSC ecosystem coordinator Xiaoguang Zhang echoed Eich’s sentiments that the integration of BSC into Brave would further inspire DeFi and crypto adoption.

“With this strategic integration between the Brave browser and Binance Smart Chain, we will introduce seamless UX together for crypto users to access DeFi and Dapps in BSC and other blockchains, which will dramatically inspire mass adoption and inclusive finance,” said Zhang.

Like many altcoins, the value of BAT surged to a new all-time high in 2021. Between January and March alone, BAT gained 515% against the U.S dollar, climbing from around $0.20 to $1.27 by the time of publication.

Read on concerning Cointelegraph
ETH derivatives show pro traders are worried about Ethereum’s $2.5K support
Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced...
Crypto funds attracted $9.3B in inflows in 2021 as institutional adoption grew
Institutional cryptocurrency funds attracted record inflows in 2021, as demand for digital assets such as Bitcoin (BTC) and Ether (ETH) continued to grow...
Animoca Brands raises $5M for NFT marketplace, Quidd
Quidd, a marketplace for digital collectibles and a subsidiary of Animoca Brands, has raised a total of $5 million in private pre-sales and an initial DEX...
Binance Smart Chain surpasses 1.5 billion lifetime transactions
Binance, the world's largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain...
Bitcoin Eyes Record Highs as Futures-Based ETF Within Sight
By Yasin EbrahimInvesting.com – Bitcoin scaled $60,000 this week and is closing in on all-time highs, amid growing optimism a futures-based bitcoin exchange-traded...
SEC extends four Bitcoin ETF deadlines by 45 days
The United States Securities and Exchange Commission has extended the deadline of four Bitcoin exchange-traded funds (ETF) on Friday for 45 days, citing...
Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance....
Thai SEC issues license to Ethereum-based real estate project
The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain.Fraction, a...
Bank of Ghana to pilot CBDC with German securities printing firm G+D
The Bank of Ghana (BoG) is making another step towards the development of a central bank digital currency (CBDC) by partnering with a German currency technology...
South African asset manager denies stealing billions from users, claims $5M was lost in hack
Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor...
Early Bitcoin bull market buyers are hodling strong, but short term trading increasing
Bitcoin buyers from the early phases of the bull run are still hodling despite BTC’s meteoric surge into new all-time highs, according to data shared by...
Revolut app announces Bitcoin withdrawals… within limits
Europe’s leading financial app Revolut has finally enabled Bitcoin withdrawals four years after it first provided crypto trading services to some users,...
Ethereum price hits $3.5K record as Winklevoss exchange adds Dogecoin
Ether (ETH) hit $3,500 on May 4 as the star of this week's altcoin rally battled Dogecoin (DOGE) for returns supremacy.ETH/USD 1-hour candle chart (Bitstamp)....
It was only a matter of time — Some NFTs now have human DNA sequences
Nonfungible tokens, or NFTs, haven’t quite reached the level of awareness to take over the human race — yet — but at least one of them contains the chemical...
US isn't prepared to regulate new industries like crypto, says Ripple CTO
David Schwartz, chief technology officer of Ripple Labs, said United States regulators’ response to the crypto industry may help XRP in the end but is also...