Singapore-based Yoroi Wallet plans to collaborate with Bring, a white-label crypto cashback platform, offering consumers the opportunity to accumulate Cardano (ADA) cryptocurrency from shopping rewards. With over 775 global retailers involved, users could receive up to 10% cashback in ADA for shopping with brands such as JBL and Samsonite. This marks a significant development in integrating blockchain with traditional commerce, potentially accelerating ADA adoption within the retail sector.
The Defi Comment:
- EMURGO’s Yoroi Wallet and Bring, a crypto cashback platform, are collaborating to offer shopping-based rewards for using ADA, Cardano’s native cryptocurrency, with more than 775 global retailers.
- Users of Yoroi Wallet will have the opportunity to earn up to 10% cashback in ADA on purchases from major brands including Vaio, JBL, StockX, Samsonite, and Nubul.
- The integration enables a simple process where the user receives ADA cashback at a click of a button on the wallet popup after making a credit card purchase.
- This collaboration heralds a significant step in merging blockchain technology with mainstream shopping, potentially paving the way for increased Cardano adoption in the retail sector.
- The integration, made possible partly due to the Cardano Catalyst program, represents a crucial development in linking the Cardano ecosystem with real-world retail, benefiting both users and retailers.
- EMURGO, a founding entity of the Cardano blockchain, is centered on facilitating the commercial growth and adoption of Cardano’s Web3 ecosystem.
- Bring is known for creating the world’s first white-label crypto cashback service for web3 wallets and exchanges.
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