The privacy-focused Brave web browser will soon integrate a dedicated wallet with the Binance smart chain, according to a recent announcement that opens up the browser’s users to BSC’s DeFi ecosystem.
While Brave can already be configured to manually switch to Binance Smart Chain, the addition of a pre-configured wallet should simplify the process without the need for special applications, wallets, or additional arcs.
At the same time, the token at the heart of the Brave browser, the Basic Attention Token (BAT), has been made compatible with the BSC as a Wrapped BAT (WBAT). Wrapping is a process by which tokens from one blockchain ecosystem can be represented on an entirely different ecosystem. The most common example of this is bitcoin wrapped (WBTC) on Ethereum, making the former technologically compatible with the latter’s advanced processes.
We hope BAT and Brave bring cryptocurrency to the mainstream and make DeFi comfortable for the mass market, says Brendan Eich, CEO and co-founder of Brave.
Brave reportedly has over 25 million monthly active users and over 7 million daily active users. The browser has established itself as an alternative to regular browsers, offering more privacy, less tracking and the ability to select ads at will.
Xiaoguang Zhang, Binance’s smartchain ecosystem coordinator, echoed Brendan Eich’s sentiment that Binance’s smartchain integration into Brave will further inspire the adoption of DeFi and crypto-currencies.
With this strategic integration between Bold browser and Binance smart blockchain, we will jointly introduce a seamless UX for cryptocurrency users to access DeFi and Dapps in BSC and other blockchains, which is a great incentive for mass adoption and inclusive finance, Zhang said.
Like many other altcoins, the value of the Basic Attention Token jumped to a new all-time high in 2021. Between January and March alone, the NBT rose by 515% against the US dollar, from around $0.20 to $1.27 at the time of publication.
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