Have you heard the word Crypto or Bitcoin in recent times? More popularly known as BTC. Sounds familiar? Yeah!
Here’s what is interesting about cryptocurrency:
Imagine a decentralised software system (not under the control of any government body), and you can carry out every transaction functionality over the internet. As a modern digital asset, cryptocurrency has received global acceptance for easy and swift financial transactions. Its acceptance among people has allowed them to take more interest in the field, thus opening up new and advanced payment processes.
Swift Transactions: Transactions over the ranges of cryptocurrencies are generally rapid. Hence its saves time and deals that you may suffer from delays using the bank or wire transfers.
Zero or Low fee: Transactions using your debit or credit card or bank attracts a usage fee, which usually is affected by the volume of funds in a transaction, but for cryptocurrencies, the fees are minimally low.
No issues of Charge-back: Payments made over the crypto network cannot be reclaimed without the recipient’s consent. Hence it battles the fear of a charge-back or fraud after a deal is completed.
Cryptocurrencies are a good option to hold national currencies experiencing capital controls and high inflation. The paramount thing to observe in the modern crypto space is the pattern in which the various platforms are being used. Over time there has been the emergence of several crypto coins and tokens, which have served different purposes ranging from gaming, trading, exchanges, crypto-casinos, campaigns etc. Some of the crypto coins and tokens include; Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), Basic Attention Token (BAT) coin, etc.
One of the important features of any system (software) that can now serve as a substitute for the regular FIAT used for payment or exchanges is its acceptability. Depending on the purpose for which a coin or token came by, major institutions like the United Kingdom and Fed bank have decided to take Cryptos (BTC majorly) for trading. More and more outlets like Pizza chains, Word Press, Baidu, Crypto-casinos and many other small businesses are now accepting cryptocurrencies. Binary trading and Forex brokers also allow you to trade with some of these accepted coins.
Considering acquiring some of these coins now?
Good idea! However, it is worth mentioning that all of these coins work based on blockchain technology, and each is unique. They are saved differently and are collected individually in unique accounts called (Wallet Addresses). Bitcoin, for instance, has maintained an average value of <$10,000 per BTC in the last two years. A good start for acquiring crypto-currencies would be using an online wallet system to acquire them safely in exchange for cash or credit cards in a comfortable way!
You can choose from the thousands of crypto foundations worldwide and keep them as assets for the future. Due to the popularity of some currencies like BTC, many corporate investors are now accepting them as cross-border payments, and the rise is unending. Information gathering has become quite easy with the advent of the internet and mobile devices. As a result, crypto financial transactions are accessible, and their price is set following people’s choices and preferences, thus leading to a profitable investment.
A good starting point
Recently, there has been a focus on a majority of alternative (alt) coins, i.e. Ethereum (ETH), Ripple (XRP) and the like, which have a relatively small price but are continually growing in price and adoption. The baseline in the modern crypto space is how the various “platform” systems are used. Similarly, the Brave browser is a platform from which the BAT coin (Basic Attention Token) can be amassed. The BAT is reported to be the most used ERC-20 token in the Decentralised Finance (DeFi) sector, as it is an Ethereum (ETH) token that powers Brave Software’s blockchain-based digital advertising platform. The Brave browser was designed to strip online ads from websites, and its maker’s business model relies not only on ad blocking but on replacing the scratched-out ads with advertisements from its network. So, in essence, the reward for using this browser and bumping into this advertisement would be a certain token of the BAT. Those tokens will be awarded based on user attention or, simply put, time spent viewing ads and content.
Other than the fact that Brave envisions users trading their tokens for premium content or advanced site features, paying these tokens for time spent viewing ads and content, some businesses like staking, crypto casinos and exchanges are gradually accepting BAT as a valid payment method. So imagine that you have been using the Brave browser all this while. It’s time to turn the table around and start earning through it!
How to earn BAT through Brave Browser?
- First and foremost, install Brave browser on your desktop, laptop or mobile phone as shown in the picture below:
2. The major step to getting you all started is enabling the ‘Enable Rewards’ button. 3. Now, all you need to do is follow the prompt accordingly and complete the process. 4. That’s it! It is that easy, and you enter into a new and improved version of browsing where your time is valued, your data is kept private, and you get paid for your attention! Isn’t that a sweet deal? Once the Enable Rewards is toggled on:
- This enables both advertisements and automatic contributions. You can turn them on or off separately at any time.
- Get the BAT token to view relevant advertisements that protect your privacy
- Support or tip your favourite sites.
BAT is the token used as an incentive and reward for advertisement viewing by Brave Browser users. The ideology behind blocking advertisements is to encourage advertisement makers to part revenue with the end users who view advertisements and share their data, which frequently they are unaware is being tracked and monetised.