Users of Reddit, one of the top 20 internet sites in the world, will soon be able to tip one another using the Basic Attention Token (BAT) cryptocurrency, according to a report in Decrypt. The tipping functionality will only be available to users of the Brave browser.
The Brave browser allows users to be compensated with the BAT token in return for viewing "privacy-respecting ads" in a scheme called Brave Rewards. Users can then opt to contribute to content creators who they frequent using these Brave Rewards.
Reddit is one of the largest cryptocurrency information and community gateways in the world. The Bitcoin subreddit has more than 1.1 million members and the CryptoCurrency subreddit has nearly 900K members.
The introduction of a cryptocurrency tip button on a site with 1.6 billion monthly visits and an audience that is crypto-friendly will be the largest mainstream test to date for BAT as a means of payment.
Update: The post has been updated to reflect that the tipping functionality will be enabled for users of the Brave browser rather than on Reddit proper, contrary to the original Decrypt report.