Brave Browser's Latest Version Lets Users Withdraw Their BAT Tokens

The latest version of the cryptocurrency-powered Brave browser now lets users withdraw the Basic Attention Tokens (BAT) they earn through the Brave Ads program.

According to the browser’s product manager Alex Wykoff, users on the Nightly version of Brave, a, unstable version of the browser meant to be used by developers testing out new features, are now able to withdraw their earned BAT after verifying their identity with crypto banking firm Uphold.

On Brave’s community forum, Wykoff wrote:

Starting 07/24/2019, users who browse with Brave’s Nightly build will be able to withdraw BAT from the Brave Rewards wallet after verifying and creating an account with our partner Uphold! Users will also be able to buy additional BAT, should they want to contribute more than they earn through opting into Brave Ads.

Back in May those using the privacy-centric browser started being able to earn tokens for browsing the web, by opting to see ads that don’t track them. The tokens users earn are, by default, sent to content creators on the web to reward them for getting users’ attention.

Users can disable this option, however, and store the tokens for themselves. Now, in case they want to contribute even more, they can buy additional tokens via Uphold after verifying their identity. Soon, users will also be able to tip BAT tokens through various platforms, including Reddit, Vimeo, and Twitter.

Brave’s Ads program is currently not available in every country in the world. IT started off in Germany, France, the UK, US, and in Canada, and has recently expanded to Australia, New Zealand, and Ireland. Next on its radar, according to some, is Japan, with most of Europe coming by the end of the year.

The changes to Brave’s newest version don’t end with the withdrawal option, however. Content creators will reportedly have to verify their identities with Uphold to be able to receive tips, while unverified content creators won’t be able to receive funds from auto-contribute.

The Nightly version of the browser, according to Wykoff, includes some issues that need to be fixed in later versions. These include the fact that a user’s wallet address and Uphold username are visible to creators they tip, for example.

These issues, he added, are set to be fixed next month. Brave is looking to rollout its privacy-focused ads beyond its own browser in the future.

Ripple XRP Sales Fell 74% in Q3 Amidst Mounting 'FUD'

Michael LaVere
  • Ripple XRP sales fell 74 percent in Q3 2019 according to their most recent report.
  • Blockchain startup says increasing FUD and misinformation about XRP contributed to the decline in sales. 

San Francisco-based blockchain startup Ripple saw a decline in XRP sales of 74% for Q3 2019, with the company citing increased fear, uncertainty and doubt (FUD) during that timespan. 

According to Ripple’s XRP Markets Report released Oct. 18, the sale of XRP dropped from $251.5 million in Q2 to $66.2 million in Q3, constituting a decrease of 74%. Ripple’s sale of XRP constitutes a portion of the coin’s 100 billion max supply that the company controls, primarily in distribution to institutional clients.

The report states, 

As readers may recall from the previous quarterly report, Ripple publicly announced our intention to shift to a more conservative volume benchmark for our XRP sales, away from CoinMarketCap and to CryptoCompare Top Tier. In the third quarter, we significantly reduced our XRP sales, consistent with the messaging we shared in the Q2 report. For Q3 19, our total XRP sales were $66.24 million vs. $251.51 million in the previous quarter.

While the dollar-amount of XRP sold fell precipitously from Q2 to Q3, the price of XRP also dropped 35% during that time, contributing to the depression in sales. Total XRP volume also declined between the second and third quarter of 2019, falling 53%. 

Ripple claims to have shifted away from “programmatic sales” during Q3 to focus on a “few strategic partners” who are focused on building XRP utility. The report also cites an uptick in “FUD” and the “spread of misinformation” about XRP as contributing to the decline in sales. 

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