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Brave browser to integrate dedicated Binance Smart Chain defi wallet

  • Posted On - 2021-03-23 13:40:14

The Brave browser will soon integrate a dedicated Binance Smart Chain wallet, as per a recent announcement, opening up the browser’s users to BSC’s ecosystem of DeFi projects. 

Although Brave could already be configured to jump onto Binance Smart Chain manually, the addition of a wallet is expected to simplify the process, no need of specific apps, wallets or additional tinkering.

Meanwhile the Basic Attention Token (BAT), the core of the Brave browser, has been integrated with BSC in the form of Wrapped BAT (WBAT). Wrapping is a process that used to represent tokens from one blockchain ecosystem to a completely different one. The most popular example we can use is Wrapped Bitcoin (WBTC) on Ethereum, where the former is made technologically compatible with the scalled 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 Brendan Eich, the CEO and co-founder of Brave.

Brave has more than 25 million monthly and more than 7 million daily active users. The browser appears to be an alternative to mainstream browsers by offering scaled up privacy, less data tracking, and the ability to opt-in to the advertisements of a user’s choice.

BSC ecosystem coordinator Xiaoguang Zhang echoed Brendan Eich’s sentiments that the integration of Binance Smart Chain into the browser would further inspire DeFi and cryptocurrency 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.

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

Source: https://cointelegraph.com/news/brave-browser-to-integrate-dedicated-binance-smart-chain-defi-wallet