Privacy-focused web browser Brave announced a new feature on Friday that allows users to not only buy Crypto but sell their Crypto for fiat currency including USD, EUR, and GBP without leaving the brave wallet. Read this post to know more.
Brave, the privacy-focused web browser, has recently announced the rollout of a new feature that allows users to buy and sell cryptocurrency without leaving its integrated Brave Wallet. The feature supports various fiat currencies, including US dollars, euros, and the British pound, and is powered by Ramp Network, a crypto on-ramp startup. The new feature aims to make self-custody easier and more secure following recent events where centralized exchanges mishandled customer funds. The company believes that innovations in user experience, such as this new feature, will shift the most common way to hold digital currency and tokens from centralized exchanges to self-custody.
In Brave’s latest desktop version (v1.49), we’ve added a new off-ramping feature to Brave Wallet, powered by our friends at @RampNetwork!
— Brave Software (@brave) March 10, 2023
Several cryptocurrencies can now be sold more easily for fiat currencies. To learn more, read today’s blog post: https://t.co/ckP0w0W4VA pic.twitter.com/bwubrefqjT
Brave, launched in 2016, is a web browsing tool that blocks online advertisements and website trackers by default, making it popular among privacy-minded individuals. In 2017, Brave added the Basic Attention Token (BAT), which rewards users for allowing the browser to show advertisements while they surf the web. The browser has since added support for decentralized applications (dapps) using the Solana blockchain on its iOS and Android mobile browsers, allowing users to connect to platforms like the Solana-centric NFT marketplace, Magic Eden.
Self-custody and the “not your keys, not your coins” mantra have regained momentum following the collapse of prominent cryptocurrency firms like Celsius and FTX. The failure of these centralized exchanges has highlighted the importance of self-custody and secure and easy-to-manage ways to hold digital currency and tokens. Brave’s new feature aims to provide a secure and easy-to-use alternative to centralized exchanges for those who want to hold digital currency and tokens.
Brave users in select countries can now sell their coins for fiat, including Ethereum, Solana, USDC, and Brave’s own Basic Attention Token (BAT). The company claims that 38 cryptocurrencies can be sold via the off-ramp service. The integration of Ramp Network’s technology allows users to sell their cryptocurrency directly from their Brave Wallet, eliminating the need to transfer their funds to a centralized exchange before selling them.
Brave’s move towards self-custody and support for decentralized applications is a reflection of the growing demand for decentralized services and the shift away from centralized services. Decentralized services offer more control over user data, privacy, and security, which are becoming increasingly important as more data is generated and shared online. Decentralized applications, such as dapps, provide users with more control over their data and how it is used, as well as new opportunities for creators and developers to monetize their content and services.
The integration of Ramp Network’s technology into Brave’s desktop browser is a significant step towards making self-custody easier and more accessible to users. The ability to buy and sell cryptocurrency directly from the Brave Wallet eliminates the need for users to transfer their funds to a centralized exchange, reducing the risk of losing their funds in a hack or other security breach. The integration also provides users with greater control over their funds and allows them to sell their cryptocurrency on their own terms.
Brave’s new feature is part of a broader trend towards self-custody and the use of decentralized services and applications. The collapse of centralized exchanges has highlighted the risks associated with centralized services, and users are increasingly turning to self-custody and decentralized alternatives to protect their data and assets. The integration of Ramp Network’s technology into Brave’s desktop browser is a significant step towards making self-custody more accessible and easier to use, and it is likely to accelerate the shift towards decentralized services and applications.
In conclusion, Brave’s new feature allowing users to sell their cryptocurrency for fiat without leaving the integrated Brave Wallet is a significant step towards making self-custody more accessible and user-friendly. The move towards self-custody is in line with a broader trend in the crypto industry, driven by a desire for increased security, privacy, and control over one’s assets. Brave’s decision to add this feature is likely to make self-custody more attractive to users who want to take full control of their assets, and we can expect to see more innovations in this area in the future.
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