Brave Offers First Bitcoin Micropayments to Publishers

By October 7, 2016Bitcoin Business

Brave Offers First Bitcoin Micropayments to Publishers

Browser software startup Brave has some bitcoin it would like to give to The Wall Street Journal . The controversial browser that blocks third-party ads, also gives users the ability to offset lost ad revenue in the form of bitcoin micropayments reconciled at the end of each month. The first of these reconciliation cycles ended last week and Brave has now published a step-by-step process explaining how website owners can claim their bitcoin. " The Wall Street Journal is number one," Brave co-founder Brenden Eich during a conversation with CoinDesk earlier this week. Eich added: "Those funds are piling up. We have an accounting system that says you voted for this publisher this many times and that website you liked." CoinDesk can independently verify that The Wall Street Journal tops the list, but Brave is not sharing how much bitcoin the publication can collect, or which other sites qualify. In total, about 8,000 Brave users visited 827 websites over the month-long period ending Friday. Users can select if some of the sites they visit frequently don’t get paid and control the percentage of a set monthly amount to be allocated to each site. To collect that bitcoin Brave’s an interested party first needs to verify he or she owns the website by pasting code securely provided by the Brave into its own website, similar to the challenge-response protocol employed by Let’s Encrypt , said Eich. "Now it’s time to start talking to publishers," added Eich. Partners or competitors? The newly launched webpage that walks publishers through the process of creating a wallet and receiving funds is part of a larger push to change the way publishers view Brave. Shortly before the San Francisco-base firm raised $4.5 million, it received an informal cease-and-desist letter from the Newspaper Association of America, […]

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