On Friday, the privacy-focused web browser Brave announced the launch of a new feature that lets users sell bitcoin for fiat currencies including US dollars, euros, and British pounds without leaving the built-in Brave Wallet.
Following the demise of well-known cryptocurrency companies like Celsius and FTX, self-custody and the maxim “not your keys, not your coins” have acquired popularity once again. With this new desktop browser functionality, which is powered by cryptocurrency on-ramp company Ramp Network, Brave claimed it hopes to make crypto self-custody simpler.
The company stated in a statement announcing the update that “it’s more vital than ever to offer secure and easy-to-manage self-custody” in light of recent instances in which centralised exchanges handled user assets improperly.
Users of Ethereum, Solana, USDC, and Brave’s own Basic Attention Token can now sell their coins for money in a few locations, according to Brave (BAT). 38 cryptocurrencies, according to the business, can be sold using the off-ramp service.
The company continued, “Although self-custody has become more and more popular over the past ten years, centralised exchanges continue to be the most preferred place to hold digital currency and tokens. “We anticipate that shift with user experience enhancements, like the one we are launching today.”
Since its 2016 release, Brave has been a well-liked web browsing tool for those concerned about their privacy. By default, Brave bans online adverts and website trackers. In order to reward users for allowing the browser to display advertising while they surf, Brave implemented the Basic Attention Token in 2017.
In May 2022, Brave announced a partnership with Ramp that would allow users of its desktop and mobile browsers to purchase cryptocurrencies using fiat money using the Brave Wallet.
For its iOS and Android mobile browsers, Brave last month enabled support for decentralised applications (dapps) using the Solana blockchain, enabling users can connect to sites like the Magic Eden Solana-focused NFT marketplace.
