The post Cardano Wallet Yoroi Opens Door to Passive Income for ADA Holders with This Latest Partnership appeared on BitcoinEthereumNews.com.

Yoroi Wallet, a Cardano-based light wallet, and Bring, a white-label crypto cashback platform, are launching a partnership to connect blockchain technology with global retail. This venture will allow users to earn Cardano’s native crypto, ADA, as cashback rewards when shopping with more than 775 retailers worldwide.  Through this collaboration, users will experience a novel way to passively earn ADA through everyday purchases. According to a Monday post, the initiative is a part of Cardano’s growing focus on expanding its real-world applications through practical, user-centric solutions. ADA Cashback Integration within Yoroi Wallet The integration aims to offer Yoroi Wallet users a new avenue to accumulate ADA by shopping with leading brands such as Vaio, JBL, StockX, Samsonite, and Nubul. Users will be able to shop using credit cards or other preferred payment methods and earn up to 10% cashback in ADA. The process will be managed through Yoroi’s interface, allowing users to activate rewards with a single click. This approach simplifies earning ADA, making it more accessible and rewarding for everyday users. https://x.com/thecryptobasic The partnership is backed by the Cardano Catalyst program, a grant-based initiative supporting projects that drive blockchain’s real-world use cases. Catalyst’s backing has enabled Bring to develop its platform further within the Cardano ecosystem. By integrating with Yoroi, Bring aims to make ADA a practical component of retail transactions, thus broadening the utility of Cardano’s native crypto beyond its traditional role as an investment asset. Connecting Blockchain to Retail Commerce Yoroi’s integration of Bring’s cashback rewards aligns with Cardano’s broader strategy to merge blockchain technology with retail commerce. The introduction of crypto-based cashback rewards to traditional shopping models reflects a shift toward incorporating digital currencies in everyday spending.  Users will not only gain access to ADA rewards but also experience how blockchain can be seamlessly blended into familiar…

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Filed under: News - @ October 22, 2024 3:27 pm