Brave browser to integrate dedicated Binance Smart Chain defi wallet
A preconfigured Binance Smart Chain wallet will soon be added to the Brave browser.
The privacy-centric web browser Brave will soon integrate a dedicated Binance Smart Chain wallet, according to a recent announcement, opening up the browser’s users to BSC’s ecosystem of DeFi products.
Although Brave can already be configured to jump onto Binance Smart Chain manually, the addition of a preconfigured wallet is expected to simplify the process, requiring no special apps, wallets or additional tinkering.
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 by which tokens from one blockchain ecosystem can be represented on a completely different one. The most common example may be Wrapped Bitcoin (WBTC) on Ethereum, where the former is made technologically compatible with the expanded processes of the latter.
“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.
Binance Smart Chain ecosystem coordinator Xiaoguang Zhang echoed Brendan Eich’s sentiments that the integration of Binance Smart Chain 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 Basic Attention Token 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 time of publication.
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Author: Greg Thomson