With mobile release v4.27, Yoroi Wallet is excited to introduce ADA-to-fiat conversion for Cardano users through Yoroi’s integration with Encryptus; expanding Yoroi Wallet’s mobile features. (Desktop support to follow).
The integration with off-ramp provider Encryptus in Yoroi, an open-source light wallet for Cardano, will introduce new accessible ways for Yoroi users to transact in ADA and facilitate withdrawals from a mobile device.
Try off-ramping ADA with Yoroi
Half of Yoroi’s users access the wallet via the mobile platform. Now these Yoroi users can convert ADA to fiat currencies, where available.
Using Encryptus’ wide-ranging global and local payment networks within Yoroi, ADA holders now have a gateway to a wide range of fiat currencies supported by Encryptus like EUR, INR, PHP, NGN, BRL, and 50+ fiat currencies.
These payouts support multiple methods such as bank wire, gift cards, mobile wallets, and mobile top-up (mobile data and mobile minutes). Payout options vary depending on user location and bank.
In the U.S., users can access convenient options like gift cards and mobile minutes.
Meanwhile, in the U.K., users can opt for gift cards or bank wire transfers.
See our EMURGO Middle East and Africa’s Partnership Announcement with Encryptus
Building upon the recent integration with Banxa for fiat on-ramping, Yoroi mobile’s capabilities now facilitate a smooth and seamless on and off-boarding experience and support for Yoroi’s future scalability plans.
Yoroi Wallet invites the Cardano community to explore Yoroi mobile’s new ADA-to-fiat capabilities.
Try off-ramping ADA with Yoroi
For more information and a step-by-step guide to the off-ramp feature, dive into the FAQs.
Download Yoroi for desktop and mobile
Developed by EMURGO Fintech, the fintech division of EMURGO, Yoroi is an open-source crypto wallet for the Cardano ecosystem. Yoroi is also self-custodial, meaning the user has complete control over their Cardano ADA and can use it to stake and transact as preferred.
To help users get the most out of their ADA, Yoroi gives access to all the different stake pools available in the Cardano community.
Yoroi has been providing users with transparency, increased security, and decentralized collaborative innovation since 2018.
About Yoroi Wallet
- Yoroi X: @YoroiWallet
- Official Website: yoroi-wallet.com
Disclaimer
You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by EMURGO to invest.
