Yoroi Wallet, a prominent light wallet for Cardano, has teamed up with Bring, a white-label crypto cashback platform. This partnership seeks to connect the Cardano community with global retail, enabling users to earn ADA as cashback rewards when shopping with more than 775 international retailers.
Passive Income Opportunities for Cardano Holders
The forthcoming integration will allow Yoroi Wallet users to earn up to 10% cashback in ADA when shopping with well-known brands such as Vaio, JBL, StockX, Samsonite, and Nubul. Users can make purchases through credit cards or other preferred payment methods. The process is crafted to be user-friendly: a simple click on the wallet popup during checkout enables users to activate the cashback feature and begin passively accumulating ADA.
Exciting news for #Cardano!
We are partnering with @BringWeb3, the first white-label crypto cashback platform, to allow users to passively accumulate ADA through shopping rewards!
💳 Users will be able to earn ADA “cashback” while shopping with over 775 global retailers https://t.co/5FcgeWBfW5 pic.twitter.com/RkLEYquPvK
— Yoroi W₳llet (@YoroiWallet) October 21, 2024
“This integration provides a genuinely seamless and rewarding experience,” remarked Vineeth Bhuvanagiri, Managing Director at EMURGO, the company behind Yoroi Wallet. “Our partnership with Bring marks an exciting advancement in the realm of crypto rewards, opening a new channel for Yoroi Wallet’s ADA holders to reap benefits from their assets through eligible shopping purchases at some of the most esteemed brand names.”
Meir (Iri) Zohar, CEO of Bring, highlighted the strategic significance of the partnership: “Collaborating with Yoroi is essential to broadening our platform’s reach and delivering more value to users. Together, we are unleashing the power of blockchain technology for mainstream users, simplifying the process of earning and spending ADA in real-world transactions. We believe this partnership will enhance the adoption of Cardano in the retail market.”
Bring is known for creating the world’s first white-label crypto cashback service for web3 wallets and exchanges. By collaborating with Bring, wallets and exchanges enable their users to earn various cryptocurrencies, including ADA, as cashback from over 775 retailers in categories such as fashion, electronics, jewelry, travel, software, home decor, beauty, and more.
This partnership represents a significant advancement for the Cardano ecosystem. By integrating ADA blockchain technology into everyday shopping experiences, the collaboration links the decentralized platform to conventional retail.
This innovative initiative has been supported by the Cardano Catalyst program, which provided a grant that helped Bring’s entry into the Cardano ecosystem. The Catalyst program is dedicated to empowering projects that promote mainstream adoption of Cardano.
The integration between Yoroi Wallet and Bring is anticipated to launch later this year, marking a new era for ADA holders aiming to optimize their assets. By linking digital currency to real-world retail options, this partnership offers a practical application for ADA and enhances its utility in daily transactions.
As of now, ADA is valued at $0.3621.
Featured image from Shutterstock, chart from TradingView.com
