The privacy-focused web browser Brave and Japan’s leading crypto exchange BitFlyer are partnering up to develop a crypto wallet for Japanese users. Both the companies announced on Thursday that they would start developing a crypto asset wallet for Brave browser users. The details of the planned collaborations are not revealed in full yet, but it is important to note that Brave currently cannot reward Japanese users its native basic attention token (BAT) due to local regulations. BitFlyer listed Basic Attention Token in April, which is a utility token integrated with the Brave browser.
Companies will promote crypto and blockchain
The announcement noted that both companies would launch a joint marketing campaign to expand the recognition of cryptocurrencies and blockchain technology among our customers and to improve customer convenience. Ryotaro Chikaki, chief marketing officer at Brave Asia, told the crypto news platform The Block that as it requires a license to give BAT to users in Japan, they are currently offering BAT Points instead of BAT. These points can be used for tipping to creators, but BAT Points cannot be purchased, he added.
“The partnership aims to make crypto accessible to more people in Japan.”
Kenichi Nishimura, head of marketing at BitFlyer, said that the goal of the partnership is to make crypto accessible to more people in Japan. As reported earlier, a new report by one of the country’s largest digital currency companies, revealed that the blockchain sector has grown by over 30% since last year. For several years, the East Asian country has been witnessing growth in the blockchain industry. It is one of the few countries to formulate and implement a regulatory framework for the industry. The Monex Crypto Bank’s report further revealed that as of May 2020, there were 430 blockchain companies in the country, a 30.7% rise from the 329 companies reported in July last year.