The Brave Browser added SOL Support and Ramp Wallet feature in its new update, making it easier to buy crypto with it so let’s read today our latest cryptocurrency news.
The Brave Browser added SOL Support in its push into the Web3. the 1.39 desktop release includes support for Solana and the SOL, SPL tokens as the company announced today after the first sharing of the plans for Solana last November. In the new update, the Brave WAllet can be used to buy, sell and hold SOL and SPL Tokens through a non-custodial payment platform Ramp. Ramp will allow users to buy crypto from their Brave Wallet instead of having to buy crypto on other exchanges like Binance or coinbase. The head of marketing at RAmp Greg McEwan said:
“With the Ramp integration, Brave users will be able to spend more time doing what they love and less time on what was a painful process of converting their fiat currencies to crypto.”
Blog in thread👇 pic.twitter.com/jAn3dQPQYL
— Brave Software (@brave) May 24, 2022
Brave is expanding the utility of the crypto rewards token or the Basic Attention Token. Brave users can earn BAT by choosing to see ads while browsing. As per Brave, BAT has about 55 million monthly active users. The token which is EVM compatible can be wrapped and used as an SPL Token on Solana if it went in the Wormhole bridge. In the near future, the BAT holders will be able to use the token and buy and sell NFTs on the Solana NFT market, Magic Eden. In the announcement, Brave cited Solana’s low fees and fast transaction speed as a reason why it partnered with the blockchain.
As recently reported, The past month was a bearish month for almost all cryptocurrencies. The sector’s market cap dropped 33% to $1.31 million and Solana’s crash was among the most brutal. Right now, SOL has seen a 50% correction and trades at 51 with the network aiming to overcome the Ethereum blockchain scalability problem by incorporating the PoH mechanism in a PoS blockchain. With the Proof of history model, Solana delegates a central node to determine a transaction time that the entire network can agree on. The low fees delivered by the Solana network enticed the developers and users alike but the network outages continue to cast doubt on the centralization issue and possibly scared away many investors.
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