Cardano Holders Can Now Earn Passive Income: Here’s How
Source: Bitcoinist
Yoroi Wallet, a leading light wallet for Cardano, has partnered with Bring, a white-label crypto cashback platform. This collaboration aims to bridge the gap between the Cardano community and global retail, allowing users to earn ADA as cashback rewards when shopping with over 775 international retailers.
Passive Income For Cardano Holders
The upcoming integration will enable Yoroi Wallet users to receive up to 10% cashback in ADA when they shop with renowned brands such as Vaio, JBL, StockX, Samsonite, and Nubul. Users can make purchases using their credit cards or other preferred payment methods. The process is designed to be user-friendly: with a simple click on the wallet popup during checkout, users can activate the cashback feature and start accumulating ADA passively.
Exciting News for #Cardano!
We are is 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 offers a truly seamless, rewarding experience,” stated Vineeth Bhuvanagiri, Managing Director at EMURGO, the company behind Yoroi Wallet. “Our collaboration with Bring is an exciting development in the world of crypto rewards, creating a new avenue for Yoroi Wallet’s ADA holders to benefit from their assets through qualified shopping purchases at some of the most recognized brand names.”
Bring’s CEO, Meir (Iri) Zohar, emphasized the strategic importance of the partnership: “Collaborating with Yoroi is a key step toward expanding the reach of our platform and offering users more value. Together, we are unlocking the potential of blockchain technology for mainstream users, making it easier to earn and spend ADA in real-world transactions. We believe this collaboration will accelerate the adoption of Cardano within the retail sector.”
Bring is the creator of the world’s first white-label crypto cashback service for web3 wallets and exchanges. By partnering with Bring, wallets and exchanges enable their users to earn a variety of cryptocurrencies, including ADA, as cashback from over 775 retailers spanning fashion, electronics, jewelry, travel, software, home decor, beauty, and more.
The partnership is a significant stride for the Cardano ecosystem. By integrating the ADA blockchain technology into everyday shopping experiences, the collaboration connects the decentralized platform with traditional commerce.
This innovative initiative has been bolstered by the Cardano Catalyst program, which provided a grant facilitating Bring’s expansion into the Cardano ecosystem. The Catalyst program is dedicated to empowering projects that drive mainstream adoption of Cardano.
The integration between Yoroi Wallet and Bring is expected to go live later this year, marking a new chapter for ADA holders seeking to maximize their assets. By connecting the digital currency with real-world retail opportunities, the partnership offers a practical use case for ADA and enhances its utility in everyday transactions.
At press time, ADA traded at $0.3621.
Featured image from Shutterstock, chart from TradingView.com
