Brave Browser Announces Development of Crypto Wallet for ETH and BAT

Brave discussed their work so far in a blog post on Aug. 27. According to the announcement, the in-browser wallet supports Brave’s native ERC-20 Basic Attention Token (BAT), alongside other Ethereum-based tokens and collectibles and Ether (ETH) itself.

Additionally, the wallet supports interaction with decentralized applications – also known as DApps – which reportedly makes Brave a Web3 browser.

Blockchain-based web browser Brave has unveiled a cryptocurrency wallet for Ethereum tokens that is currently in development.

Incompatible with Brave Rewards

However, the wallet cannot interact with Brave Rewards. This means that users cannot transfer any BAT between Brave Rewards and Crypto Wallets – the name of Brave’s wallet in development. Users are currently responsible for managing keys themselves, and Brave recommends that users “stick to small amounts and keep regular backups” if they want to try out the trial version of Crypto Wallets.

Future compatibility with Brave Rewards

According to the announcement, Brave plans to add a means of transferring between Brave Rewards and Crypto Wallets. The company intends to add support for Uphold to its wallet, which will reportedly allow users to transfer crypto assets between a user’s Uphold account, Brave Rewards and Crypto Wallets.

Moreover, Brave plans to eventually integrate Crypto Wallets with Brave Rewards directly, instead of relying on Uphold’s custodial wallet for private key management. Per the announcement, this will be one of the largest projects for the company to complete in developing Crypto Wallets.

Recent Brave developments

Just yesterday, Brave announced on Twitter that it has added Wikipedia to its list of verified publishers. Shortly before that – Aug. 21 – Brave also unveiled that it now supports BAT tipping on Reddit and Vimeo. Brave added support for BAT tipping on Twitter at the beginning of August.

Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments

Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its in-house digital wallet, the Hyperledger Iroha-powered Bakong, might get the job done.

The National Bank of Cambodia (NBC) signed an agreement last week with Malaysia’s Maybank to determine how the banks’ respective digital payment platforms – Bakong and Maybank2u – can work in tandem to reduce often crippling remittance fees.

Any breakthrough would be welcome for residents of the two Southeast Asian nations. Though separated only by the Gulf of Thailand, Cambodia’s chief central banker H.E. Chea Serey told the Khmer Times that remittance fees can range as high as 30%.

That can change with the new partnership, Chea Serey said in the new announcement.

“The introduction of Bakong system will provide more possibilities in enhancing payment system at both domestic and regional level”

Bakong launched in July and now accepts users from eight separate Cambodian banks, including ACLEDA Bank – the country’s largest commercial bank with over $5 billion in assets last year.

Bakong’s potential linking with Maybank2u could tap into a much wider audience. A spokesperson for Maybank, the country’s largest bank, said that 52% of all Malaysian online banking transactions went through Maybank2u.

“We look forward to providing our customers in Malaysia and Cambodia with a convenient yet cost effective solution for inter-country funds transfer”, said Datuk Hamirullah Boorhan, Head of Community Financial Services for Maybank Malaysia.

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