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Brave Users Can Finally Cash Out their Rewards

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Brave Users Can Finally Cash Out their Rewards

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Highlights:

  • Brave Browser finally supports withdrawals
  • Users can now make use of their reward to convert into other crypto or fiat
  • Previously, users were only allowed to deposit and tip other users

Brave Browser and their native cryptocurrency, Basic Attention Token have take the internet by a storm. Ever since their inception, the Brave vision of decentralizing the internet by allowing each user to manage their own privacy has envisioned a truly trestles future.

Brave had recently pocketed several high-profile names in the business like Wikipedia, Youtube and the likes. This has allowed Brave to scale incredibly over the past few months.

Doors Open At last

The BAT cryptocurrency issued by the team behind Brave acts as an incentive mechanism where in users of the browser can tip or rewards any content creator on the internet that they think deserves it. This changes the entire incentive model of the Internet that was traditionally dependent on ads that sustained the creators by remunerating them in exchange of user data.

Brave Browser, in a recent blog post finally announced their much awaited partnership with Uphold, a cryptocurrency wallet provider to allow withdrawal of the BAT cryptocurrency. Previously, users were only allowed to deposit and and reward other users for their time and effort. With the latest update, withdrawals and exchanging is now possible through the Brave Browser.

“With today’s updated Brave browser for desktop (0.69), Brave users can choose to transfer Basic Attention Tokens (BAT) out of their Brave Rewards wallet and convert the tokens to many digital assets and fiat currencies, after completing a verification process with digital money platform Uphold.”

This is how the website says one could use BAT for everyday browsing.

If a user wallet is verified, it will allow the user to:

  1. Add BAT via fiat or other cryptocurrencies
  2. Take out BAT earned via Brave Rewards and convert to fiat and other cryptocurrencies
  3. Take out BAT they previously deposited in their Brave wallet
  4. Store BAT earned from Brave Rewards

For the most complete and recent review on Brave browser, check this out.

Sudarshan M

Posted by

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it didn’t take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject. He is currently a researcher at the University of Nicosia. He is also the author of two research papers and a book on Blockchain’s future in Education titled: An Academic Overview of Blockchain - Applications in Educational Institutions. Sudarshan is an entrepreneur, blogger, educator, researcher and an avid proponent of Dogecoin. Such coin, Much wow.

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