We've seen a 20% rise in the price of BAT today. One reason for that may be that yesterday, the BAT (Basic Attention Token) team posted an update on their Mercury Beta on github.
Click here for the post.
In the post you can see a few screenshots of the BAT integration into the Brave browser, as we take a step further along the roadmap. Below you can see the micro-donations screen, with BAT integration.
Importantly for me, they talk about how people will be able to buy in / cash out of BAT with FIAT on a 3rd party website.
" This plaform supports BAT, fiat currencies (such as USD, EUR, GBP, etc.), and crypto currencies. The platform also provides US ACH and wire transfer services for fiat currencies. "
It's great to hear that in the near future, we'll have a BAT to FIAT platform, which puts BAT a long way ahead of most alt-coins in terms of mainstream integration. I have said for a long time that BAT will be many people's first toe in the water of cryptocurrency and I'm happy to see this payment gateway at this early stage.
In terms of investment, I believe we'll see a significant spike in the price of BAT once it is integrated into Brave. I have already written a (long) blog about why I am all in on BAT. You can see that blog below.
"Why I'm all in on BAT".
Please check out that blog and read through BAT's github post to see how they're developing.
If you have any questions about BAT, feel free to comment below. I've got nothing to do with the team but I'll try and help none the less.
Any word on when the service will be fully operational?
No firm dates but check out the roadmap here;
https://medium.com/@AttentionToken/bat-roadmap-1-0-988ed947cf0d
Mercury (the one where they integrate BAT) is "summer", so we're only a month or so off the end of summer.
great I can't wait. One question I have though, lets play devils advocate, what makes you think the price of BAT will go up? from my understanding the coins will be earned by watching ads, which means that at least some people (and I would argue most people) will simply dump BAT for other crypto as soon as it is earned. What incentive is there to hold BAT and what will drive the price up? I really like the idea of BAT but im struggling to see why some people are going all in. any enlightenment would be appreciated!
Well essentially the price of any crypto goes up because more people want to buy some than sell some. Let's say 5% of people that get any hodl it, as time progresses there is a smaller and smaller supply. That's reason 1 for any crypto going up, including BAT.
The bigger the market place / the more people trade in / are involved in any crypto, the more people just kinda sit on a small amount without even really thinking about it. $5-10 here or there... BAT should have millions of users so that adds up.
Those are just general points that apply to any crypto.
BAT specifically; for anyone to earn BAT from watching ads, some advertiser has to actually buy BAT. That's FIAT direct to BAT transfer. That is money directly into the BAT economy from an external source. Those BAT have to come from somewhere and the more scarce the BAT is, the higher the price will be.
But yeah, essentially it's just the same as any crypto - the more it is used, the higher the price gets because demand out-strips supply.
Great article bat is an animal
Bought in quite high, yet im confident that everything will be fine.
Very experienced team with a great vision.
Didn't read yet about the FIAT feature but this only confirms my sentiment.
Yup... A team who's actually been there and done it already is pretty much unheard of in crypto. It's baffling to me how this project is not top 20 at the very least on market cap.
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