The privacy-focused browser aims to promote crypto self-custody by including an option inside its wallet.
The privacy-focused web browser Brave recently announced the launch of a new feature that enables users to trade cryptocurrencies for fiat cash, including U.S. dollars, euros, and the British pound, without leaving the Brave Wallet.
With the failure of notable cryptocurrency organizations like Celsius and FTX, self-custody and the “not your keys, not your money” mantra have gained traction. With this new desktop browser functionality, sponsored by crypto on-ramp company Ramp Network, Brave intends to make crypto self-custody simpler.
“Following recent occurrences in which centralized exchanges mistreated consumer assets, it’s more critical than ever to provide safe and easy-to-manage self-custody,” the business said in a blog post announcing the upgrade.
According to Brave, users in certain countries may now sell their currencies for cash, including Ethereum, Solana, USDC, and Brave’s Basic Attention Token (BAT). According to the business, 38 coins may be sold using the off-ramp service.
“Although self-custody has increased in popularity over the last decade, centralized exchanges remain the most frequent option to store digital money and tokens,” the business noted. We anticipate this transition to occur due to the user experience advancements we are launching today.”
Created in 2016, Brave eliminates online ads and website trackers, making it a popular web browser among privacy-conscious users. In 2017, Brave introduced the Basic Attention Token, which compensates users for allowing the browser to display advertising while they browse the internet.
Brave subsequently announced an agreement with Ramp in May 2022 that allows users to purchase crypto using fiat cash through the Brave Wallet integrated into Brave’s desktop and mobile browsers.
Brave launched support for decentralized applications (dapps) using the Solana blockchain to its iOS and Android mobile browsers last month, letting users connect to platforms such as Magic Eden, a Solana-centric NFT marketplace.
Also Read: US Department Of Justice Challenges $1 Billion Binance.US Purchase Of Voyager Assets
Wallets