BAT (Basic Attention Token) is an Ethereum based token that is now integrated into the Brave web browser. The browser now features integrated BAT wallet which will now allow users to support user’s favorite websites while staying anonymous. Brave web browser blocks ads by default. The integrated BAT wallet will allow Brave users to add funds to their BAT wallets by transferring BAT, BTC, ETH or LTC. No registration is required and there is also an option to convert the BAT amount to fiat. In order for the website owner to receive payment, they must sign themselves up as Brave publisher. The payment that is received by the publishers is automatically converted to fiat and deposited to publisher’s bank account.
Keep in mind that the BAT wallet is unidirectional so you will not be able to send BAT back to an exchange or other wallet. However that is expected to change in upcoming releases. The next release will also enable users to add funds using their credit cards. The developers are also looking to add more publishers, advertisers and users.
Since BAT is an Ethereum token, you can store it in any Ethereum wallet that supports ERC20 tokens. One such example is myetherwallet.
October 13, 2017
| Ethereum News