Key Points
- Brave browser integrates Bitcoin (BTC) support into its built-in crypto wallet.
- The browser’s wallet also plans to expand its crypto capabilities in partnership with Zcash and Filecoin Foundation.
The privacy-focused web browser, Brave, has announced an update that incorporates Bitcoin (BTC) support into its inbuilt crypto wallet.
This strategic step provides Brave’s users with the ability to effortlessly establish and manage their BTC accounts directly within the browser’s desktop interface.
Native SegWit Bitcoin Accounts
The most recent desktop version (1.63) of Brave Wallet introduces Native SegWit Bitcoin accounts.
This advanced feature offers users lower transaction fees and improved error detection capabilities, streamlining the coin experience and guaranteeing enhanced security and reliability for users’ digital asset transactions.
Moreover, Brave Wallet’s extensive support caters to all significant BTC address formats, including Legacy, Nested SegWit, Native SegWit, and Taproot.
This comprehensive compatibility ensures seamless interoperability with other wallets, allowing users to transact and manage their BTC holdings with unmatched flexibility.
Embracing Bitcoin Amid Crypto Innovation
Brave’s decision to embrace Bitcoin comes at a significant time when the cryptocurrency ecosystem is witnessing a surge of innovation driven by the rapid growth of Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi) applications.
The increased adoption of BTC and the recent approval of 11 BTC ETFs by the United States Securities and Exchange Commission (SEC) have further sparked the growing interest in cryptocurrencies.
James Mudgett, the vice president of Web3 Products at Brave, stated that the primary goal is to provide users with a secure and privacy-focused software wallet for everyday use.
To start using Bitcoin in Brave Wallet, users need to open the wallet on their computers, click the expanded menu in the top right corner of the panel, select “Create Account”, and choose “Bitcoin”.
Brave Wallet plans to expand its crypto capabilities further. In partnership with Zcash and the Filecoin Foundation, the wallet will soon introduce shielded Zcash transactions, enhancing privacy and security for users.
Additionally, support for more Bitcoin account types, including storage for BRC-20 tokens and Ordinals, is on the horizon, ensuring that Brave Wallet remains a comprehensive and future-proof solution for crypto enthusiasts.
