![]() They're going to benefit from the ads, and they won't necessarily have to pay for that benefit, because they didn't adequately obtain informed consent before they began by informing you that you need to pony up PII to a third party.ĪML is probably Anti-Money Laundering. ![]() The concern is failure to provide adequate information about the consequences of your actions up front. It's not a legitimate response to the concern here. 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.KYC stands for "Know Your Customer" and it's a reference to laws that require businesses to have a clue who they're doing business with. 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. The Bitcoin subreddit has more than 1.1 million members and the CryptoCurrency subreddit has nearly 900K members. Reddit is one of the largest cryptocurrency information and community gateways in the world. Users can then opt to contribute to content creators who they frequent using these Brave Rewards. 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. The tipping functionality will only be available to users of the Brave browser. 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.
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