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bitFlyer, the leading cryptocurrency exchange in Japan in terms of trading volume, has partnered with Brave Software, the organization behind the popular privacy-centric Brave browser, to launch a new cryptocurrency wallet and “’expand the recognition of cryptocurrencies’.”
According to an announcement published by bitFlyer, the cryptocurrency exchange and Brave will develop a “crypto asset wallet for Brave browser users.” The announcement does not add any details on the wallet, but speculators believe the wallet may be related to the browser’s BAT token rewards.
In Japan, Brave’s users cannot earn Basic Attention Token (BAT) rewards because of local regulations, and instead of Basic Attention Token Points (BAP), which cannot be traded for money or BAT.
The new cryptocurrency wallet could allow users to either earn BAT or convert their BAP to BAT or use them to buy other cryptoassets, for example. Speaking to Cointelegraph a Brave spokesperson stated:
At this point, we are using ‘points’ to reward users but there are some limits. [Through the partnership] we think it may be possible to go beyond that.
Details about the cryptocurrency wallet will be revealed on July 30 at an event in Tokyo, in which Brave’s founder and CEO Brendan Eich will participate. IT is set to mainly target advertisers. In the announcement, bitFlyer added it listed Brave’s BAT token in April of this year.
Brave, it’s worth noting, has been expanding its influence in Japan. Last month it partnered with Japanese esports team Rush Gaming to develop browsers exclusively for its users. Those who use Rush Gaming’s browser will earn BAP watching ads while surfing the web. Users can then use the points to support Rush Gaming.
Brave and bitFlyer will also be launching a joint marketing campaign to “expand the recognition of cryptocurrencies and blockchain technology.” The announcement reads:
We will also launch a joint marketing campaign to expand the recognition of cryptocurrencies and blockchain technology among our customers and to improve customer convenience.
As CryptoGlobe reported, BAT whales have been in an accumulation phase over the last few weeks, as the top ten BAT addresses have over a one-week period added nearly 6% of the cryptocurrency’s total supply to their wallets.