Binance and Brave’s second wave: BNB, BUSD might be rewarded on Brave soon
Binance and Brave revealed a partnership of sorts recently when Brave integrated the Binance widget, one that allows people to buy and trade crypto directly via the browser. In a development that was an extension of this news, Binance CEO and Co-founder CZ, in an AMA on Tuesday, announced that BNB and BUSD will be available as reward tokens on the Brave browser.
The announcement is an upgrade to both, Brave browser, the biggest crypto-browser with over 13.8 million users, and Binance, one of the biggest exchanges in the crypto-ecosystem. This addition will help adoption for both Brave and Binance. Brave is privacy-focused and wants to create a better user experience for not just users, but also for creators, by rewarding both equally.
According to CZ, while presently, only fiat currency is being used to buy via the widget, more cryptocurrencies will be added soon. Additionally, expanding on the rewards system, CZ said,
“In addition to BNB, we also want to sponsor BUSD so that we get the flow going. For a lot of payments related stuff, people prefer stablecoin especially for shop owners, whose expenses are covered in fiat.”
Brave has been at the forefront when it comes to micropayments via crypto, although there are other players like the Lightning Network for Bitcoin and plenty of ERC 20 tokens. The decision to add BUSD to Brave would be a great development since the browser already has a tipping feature that allows users to directly tip creators, without having to actually partner with the underlying website.
For example, Brave rewards can be tipped via Twitter or on YouTube without needing a partnership with either of the platforms. Hence, the availability of a stablecoin to tip would a big development, one that could gain traction among users.
Further, the availability of BNB will help Binance further its already enormous reach in the cryptocurrency ecosystem while making it easy for users to trade crypto. This development is perhaps yet another one of Binance’s small steps in its bigger picture, the latest after it acquired crypto’s biggest data provider – CoinMarketCap.
Brendon Eich, CEO and Co-founder of Brave, went on to add that the widget will be made available on the mobile version as well. In particular, he said,
“We expect the mobile version later this year. In parallel, we are working on making the desktop version even better and when we get it to mobile later this year, it will be better. “