Brave and BitFlyer developing new cryptocurrency wallet

Jonny
Published by:
Posted on 07/10/2020

On Thursday BitFlyer, Japan’s largest cryptocurrency exchange by trading volume, and Brave, the creator of the privacy-focused web browser, announced that they are developing a cryptocurrency asset wallet for Brave browser users.

While details have yet to be revealed, a Brave spokesperson said of the partnership, “At this point, we are using points to reward users but there are some limits. We think it may be possible to go beyond that.”

BitFlyer is scheduled to participate in a July 30th event in Tokyo alongside Brave Founder Brendan Eich. While the event is geared towards advertisers, the cryptocurrency community does expect to hear more details about today’s announcement. The two companies are in the process of launching a Japanese marketing campaign with the goal of raising blockchain and cryptocurrency awareness.

Ordinarily, the Brave browser rewards users with Basic Attention Token (BAT). Yet due to regulation in Japan that prohibit citizens from earning cryptocurrency or trading earned cryptocurrency for cash on exchanges, Basic Attention Token is off limits. As a result, Japanese Brave browser users must settle for Basic Attention Token Points (BAP).

In April, BitFlyer began listing Basic Attention Token on its exchange. And today’s announcement suggests that Japanese users may be able to earn BAT in the future or at least easily convert BAP and BAT.

A BitFlyer representative noted, “Brave is the BAT connected browser and browsing is an everyday activity. It will be a new opportunity for users to use and earn cryptocurrency and we see it as a new model case to show the potential of cryptocurrency. We want to make people feel more familiar with cryptocurrency through the partnership with Brave.”

The Brave Browser is available for Windows, MacOS, Android, Linux, and iOS. Full details are available at Brave.com. More information about BitFlyer can be found by visiting bitflyer.com.

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