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. Brave’s tri-part marketing system rewards content creators, advertisers, and viewers through its token.
Image via Reddit
The update allows other cryptocurrency wallets, particularly MetaMask, to be used with Brave’s BAT. All transactions first undergo know your customer (KYC) requirements via Uphold, a wallet Brave partnered with for BAT.
Lack of support for other ethereum wallets like MetaMask or MyEtherWallet has been a common complaint on Brave community threads since the token’s launch. This bottleneck was self-designed, however. Brave wanted the cryptocurrency’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, 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.