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Non-Custodial Wallet BRD With 7 Million Users Now Enables Tezos Staking

BRD a non-custodial wallet has enabled Tezos staking allowing its 7 million users worldwide to earn XTZ rewards simply by holding XTZ. Tezos represents the first cryptocurrency on BRD which allows its users to earn staking rewards.

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BRD Wallet & Tezos

BRD’s 7+ million users worldwide can now delegate their XTZ to a Tezos Baker and earn XTZ staking rewards. After quietly adding XTZ two weeks ago, BRD now enabled staking of XTZ tokens held in BRD.

XTZ is the first cryptocurrency for which BRD supports its users to earn staking rewards.

The inclusion of Tezos staking functionality ‘reaffirms BRD’s longstanding commitment to bringing the best-of-breed buying, trading, and rewards products for the mainstream consumer audience’.

BRD is a non-custodial wallet, so you hold your own keys and your tokens are stored straight on the blockchain.

Arthur Breitman, Early Architect of Tezos commented:

“It’s always good to see more wallet options for Tezos users, now they can delegate to a baker with their BRD wallet,”

Adam Traidman, CEO and Co-Founder of BRD added:

“Our singular focus on security and self-custody has propelled BRD into one of the top crypto apps downloaded globally.

Now we are introducing a simple way for the long-term investors on our platform to earn rewards while securing their cryptocurrency.”

Additionally, the Tezos blockchain is available in Blockset, the enterprise-focused digital asset toolkit built by BRD. Blockset enables enterprises, institutions, and governments to integrate digital assets into their products.

Blockset’s infrastructure and technology have been powering the BRD mobile app since 2020.

The ability to stake XTZ represents a few key benefits to BRD’s existing users that include:

  • Earning rewards in XTZ by holding XTZ
  • Staking in less than one minute
  • Staking in a simple, highly secure, non-custodial environment

Alison Mangiero, President of TQ Tezos stated: 

“We are thrilled to see BRD incorporate Tezos staking functionality into its platform. Tezos was designed as a proof-of-stake network from the very start – one where all participants can actively help secure the blockchain, influence its development, and earn rewards along the way,”

About BRD
BRD is a global company that’s bringing blockchain-enabled financial services to the mobile generation. We provide consumers with the simplest and most secure way to buy and protect bitcoin and other cryptocurrencies.

Launched in 2015, and headquartered in Zurich (Switzerland), BRD is a venture-backed company that has raised $56M USD from SBI Holdings, Ripple, and other top investors focused on banking, FinTech, and the blockchain.

BRD’s crypto apps are available for both iOS and Android in 170 countries. With over 7M customers worldwide, BRD has accumulated an estimated $20B USD of crypto assets under protection and is one of the fastest-growing blockchain-enabled finance apps for everyday consumers (a Top 10 Finance app in 71 countries).

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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