Cardano Holders Can Now Earn Passive Income: Here’s How

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As a seasoned researcher with a decade-long career in blockchain technology, I am genuinely enthused by this collaboration between Yoroi Wallet and Bring. Having closely followed the evolution of Cardano, it is heartening to witness such strategic partnerships that bridge the gap between decentralized finance and real-world retail transactions.

The well-known Cardano wallet, Yoroi, has teamed up with Bring, a platform offering white-label crypto cashback services. This partnership is designed to connect the Cardano community with global retail outlets. As a result, users can now collect ADA tokens as rewards when they make purchases from over 775 international stores.

Passive Income For Cardano Holders

In the near future, Yoroi Wallet users will have the opportunity to earn up to 10% cashback in ADA when they shop from well-known brands like Vaio, JBL, StockX, Samsonite, and Nubul. They can pay using their credit cards or any other preferred payment options. The process is intended to be hassle-free: by just clicking on the wallet popup during checkout, users can easily activate the cashback feature and begin passively accumulating ADA.

Exciting News for #Cardano!

Our partnership with @BringWeb3, pioneers of a white-label cryptocurrency cashback platform, enables users to passively earn ADA by collecting shopping rewards!

Users will be able to earn ADA “cashback” while shopping with over 775 global retailers

— Yoroi W₳llet (@YoroiWallet) October 21, 2024

Vineeth Bhuvanagiri, Managing Director at EMURGO (the company behind Yoroi Wallet), said that this integration promises a smooth and beneficial experience. The partnership with Bring represents an intriguing progression in the crypto rewards sector, paving the way for ADA holders of Yoroi Wallet to gain from their assets through shopping purchases at well-known brand names by leveraging qualified deals.

As a crypto investor, I’m excited about our partnership with Yoroi, as it represents a crucial milestone in expanding our platform’s influence. This collaboration is all about providing more value to our users and making it simpler for them to earn and utilize ADA in everyday transactions. We’re confident that this team-up will speed up the adoption of Cardano within the retail sector, thereby unleashing the true potential of blockchain technology for mainstream users.

Bring offers the world’s inaugural white-label crypto cashback service for web3 wallets and exchanges, allowing them to provide their users with a chance to earn diverse cryptocurrencies like ADA as rewards from over 775 global retailers across sectors such as fashion, electronics, jewelry, travel, software, home decor, beauty, and more. By collaborating with Bring, wallets and exchanges can empower their customers to earn digital assets while shopping.

This partnership represents a substantial advancement for the Cardano network. By incorporating ADA blockchain technology into daily shopping activities, this collaboration bridges the gap between the decentralized platform and conventional retail businesses.

Through the support of the Cardano Catalyst program, this groundbreaking project received a grant that accelerated Bring’s integration within the Cardano network. The Catalyst program aims to boost initiatives that promote widespread use of Cardano.

The collaboration between Yoroi Wallet and Bring is anticipated to launch later this year, signaling a fresh era for ADA owners aiming to optimize their assets. By linking digital currency with real-world shopping possibilities, the alliance provides a useful application for ADA and boosts its relevance in everyday purchases.

At press time, ADA traded at $0.3621.

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2024-10-23 03:41