BAT Founder Brendan Eich Announces On-Chain Payouts Without KYC
In a recent community call, Brendan Eich, founder of Basic Attention Token (BAT), shared that the platform will soon enable on-chain BAT payouts without the need for Know-Your-Customer (KYC) verification. This move is part of BAT’s ongoing roadmap to streamline rewards for Brave browser users and prioritize their privacy.
- BAT is planning to implement on-chain BAT payouts, allowing users to receive rewards without disclosing their identity.
- The platform is currently evaluating two options for on-chain payouts: Solana and Ethereum layer-2 solutions like Arbitrum and Optimism.
- Community reactions to the announcement have been mixed, with some users appreciating the emphasis on privacy and others seeking more information and clarity on the execution of the plan.
- Concerns have been raised about Brave’s ability to comply with strict KYC regulations and handle potential legal challenges in the crypto industry.
- Brave Ads Self-Serve, the self-service ad platform offered by Brave, is gearing up to introduce a new feature called “Pay with BAT,” allowing advertisers to fund their ad campaigns using BAT.
Overall, this development represents a significant step forward for BAT in enhancing user experience and privacy. However, there are still uncertainties around the platform’s choice for on-chain payouts and how Brave will navigate regulatory challenges.
Hot Take:
BAT’s decision to implement on-chain BAT payouts without KYC is a welcome move for privacy-conscious users. However, the platform needs to address concerns and provide transparent updates to maintain trust and ensure smooth execution.
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