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Brave browser starts testing support for native crypto wallets

Fri, 16 Aug 2019, 06:35 am UTC

Privacy-focused web browser Brave has added support for native cryptocurrency wallets on its testing and development browser version, dubbed ‘Brave Nightly,’ CoinDesk reported.

Support for native crypto wallets was revealed in a posting, dated August 15, in the official Brave subreddit, r/BATProject.

Previous reports suggested that Brave was planning to integrate Ethereum, Trezor, and Ledger wallets in its browser. The objective was to make the earning and the storage of the collected coins much easier using the browser.

According to CoinDesk, the wallet update will allow users to use other cryptocurrency wallets, particularly MetaMask, with Brave’s Basic Attention Token (BAT). All transaction would need to go through know your customer (KYC) requirements via Uphold, Brave’s wallet partner for BAT.

Speaking with the news outlet, Brave co-founder and CEO Brendan Eich emphasized on KYC being a top priority for the firm 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, publishers, and users.”

He added that the browser is adding support for peer-to-peer wallets to advance the crypto community forward, not to undermine regulators.

“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…to innovate beyond what we alone, or the blockchain projects alone, can do. We like ‘lead users’ and provide extra options for them,” Eich said.

Earlier this month, Brave announced the rollout of a tipping service, whereby users can “tip” individual content creators on Twitter with BAT.

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