Users of the Coinbase wallet app now have the long-awaited option to store Bitcoin. Meanwhile, the major crypto exchange from San Francisco also introduced a new initiative where users can earn Basic Attention Token (BAT) by engaging with the Brave browser.
In a blog post published on Tuesday (February 5, 2019), Coinbase announced that the company’s cryptocurrency wallet app has enabled Bitcoin storage for its users. Bitcoin Before this new feature, the app only facilitated ERC20 tokens and handled ERC721 collectibles, both of which are built on Ethereum.
Bitcoin Support Update is Incoming for iOS and Android Versions of the App.
According to the company, updates for the wallet app will be launched on both iOS and Android platforms. It was also highlighted that the latest version supports both Legacy and SegWit addresses. SegWit Bitcoin addresses.
Concerning the security Bitcoin aficionados will find a range of features available to them, as mentioned in the update:
“To ensure top-tier security, our app encrypts your private keys on your phone using Secure Enclave technology. This advanced hardware is viewed as the safest method for protecting private data on mobile gadgets.”
Many voices in the crypto world have urged users to avoid storing their assets on online exchanges. The phrase, “Not your keys, not your Bitcoin (or crypto),” is gaining traction. Coinbase also underscores this sentiment, encouraging people to explore the user-controlled wallet app they provide.
Adding Bitcoin The addition of Bitcoin support could strategically boost Coinbase's position in the thriving mobile cryptocurrency wallet market, where it will contend with established names like BRD, Electrum, and others offering unique features.
Now that Bitcoin is on board, the next curiosity is about when the company will introduce more prominent altcoins to their lineup. Word on the street is that they might bring in support for Litecoin and Bitcoin Cash soon.
Coinbase Rides the BAT Wave with a New Earnings Program.
Parallel to this, Coinbase has rolled out a fresh earnings initiative, focusing this time on BAT education. The company made this announcement on a statement their Medium page on a Wednesday (February 6, 2017). As per the post, participants can earn up to $10 in BAT tokens by completing a suite of online tutorial lessons on the cryptocurrency.
A portion of the announcement reads:
“Alongside a collection of educational videos providing insights on the Brave browser and BAT, users can even earn BAT simply by using Brave. We aim to motivate users to firsthand experience how utility tokens function in their original ecosystems, like with Brave.”
Coinbase articulates that this new earn campaign strives to broaden the understanding of BAT as well as the brave browser cryptocurrency roles. For them, such initiatives help in heightening awareness around the relevance of utility tokens within the evolving crypto and blockchain world.
Moreover, the company highlighted that soon, the opportunity to earn crypto will join trading and mining as essential components of the burgeoning digital landscape.
Upon the news release, BAT surged by nearly 21% within 24 hours according to CoinMarketCap. This spike is likely temporary, similar to trends seen with other altcoins when celebrated firms make notable announcements.
