Basic Attention Token Teams Up With Amazon, Starbucks, Apple Partner TAP Network

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The combined Brave Browser and Basic Attention Token (BAT) product have partnered with crypto advertising startup TAP Network, who claim an incredible 250,000+ brand associations - including some big hitters like Amazon, Starbucks, Apple, Red Bull, Paramount Pictures, and even charities like the Red Cross, Habitat for Humanity, and the World Wildlife Fund.

TAP Network is powered by TAP COIN, a “blockchain-based stable-coin that facilitates transactions between brands, publishers, and consumers.” With the partnership, BAT users will be able to redeem their acquired BAT tokens within the TAP ecosystem, in addition to their redemption options just within the Brave/BAT system.

One of TAP’s existing partnerships, with the Hooch “drink app,” was selected in 2015 as a top drinking app for New York City and featured in the Huffington Post.

Brave/BAT has seen a series of recent announcements. BAT was recently added to Coinbase’s Earn program (which lets users earn crypto as a reward for passing crypto-educational courses), and was one of the most mentioned cryptos associated with Samsung’s announcement at MWC 2019 to include Ethereum tokens (of which BAT is one).

BAT has been doing well in the markets lately, and is currently up about 50% against Bitcoin (BTC) during the month of February.

bat28_2.png(source: CryptoCompare)

CryptoGlobe recently reported that the Brave/BAT platform would soon launch paid ad display, whereby users can be paid BAT tokens as a reward for watching advertisements. Paid ads are still not quite implemented, but Brave have begun to airdrop tokens to users, that they can use to reward their favorite content creators. This measure is meant to foster adoption and, as it were, prime the pump of the Brave/BAT ecosystem.

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Although the Brave browser comes installed out of the box on the new HTC blockchain-focused Exodus smartphone, CryptoGlobe reported recently that the phone will make exclusive use of the Opera mobile browser to access the onboard hardware wallet directly - undermining earlier beliefs that Brave would be the central showcase.

JPMorgan Pays $2.5 Million for Overcharging Cryptocurrency Fees

JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a class-action lawsuit filed against the financial institution in 2018, over it allegedly overcharging customers who were buying cryptocurrencies with Chase credit cards.

According to Reuters, JPMorgan Chase was overcharging users for buying cryptocurrencies as these transactions were being classified as cash advances. As part of the deal, JP Morgan did not admit to any wrongdoing to the 62,000 members of the class-action lawsuit, but a motion filed in Manhattan federal court reads the financial institution agreed to pay customers $2.5 million, noting it will see class members get “about 95% of the fees they said they were unlawfully charged.”

It adds:

.Chase has agreed to enter into this Agreement to avoid the further expense, inconvenience, and distraction of burdensome and protracted litigation, and to be completely free of any further claims that were asserted or could have been asserted in the Action.

One of the plaintiffs, Brady Tucker, reportedly claimed JPMorgan Chase violated the Truth in Lending Act since it did not inform its customers crypto purchases were being treated as cash advances. This saw them pay higher fees, which the bank then refused to refund and led to the class action lawsuit.

At the time the lawsuit was filed JPMorgan was seemingly hostile toward cryptocurrencies, with its CEO Jamie Dimon claiming bitcoin was a “fraud.” Since then, the bank has launched its own stablecoin called JPM Coin.

As CryptoGlobe reported, a report published by JPM late last month showed that using their “intrinsic value calculation,” developed by in-house analyst Nick Panigirtzoglou, bitcoin is correctly valued after the recent halving event.

Featured image by Drew Beamer on Unsplash.