To support the expansion and retention of the crypto community, it is critical to provide users with a welcoming, seamless, and secure onboarding experience. Yoroi’s latest collaboration with Banxa directly caters to the crypto curious, enabling in-app fiat on-ramping to Yoroi Mobile users. 60% of Yoroi’s user base is currently active on mobile devices, with no way to transact ADA with cash or in exchange for it. Consequently, users are restricted to transacting only with crypto, or engaging a separate crypto exchange to obtain the desired currency. Banxa presents Yoroi a compelling solution to the inconveniences incurred from such limitations by delivering fiat on-ramping functionality.
Yoroi, the pioneer light wallet for the Cardano ecosystem, is a self-custodial, open-source wallet that enables users to have complete control over their ADA. Yoroi Wallet is developed and maintained by EMURGO Fintech, which develops financial products and services that harness the Cardano Web3 ecosystem. Now complemented by Banxa’s seamless and compliant on-ramping infrastructure, fiat on-ramping within Yoroi Wallet will now be available to users using local payment methods in countries Banxa serves, such as Australia, Canada, Thailand, Mexico, Brazil, Columbia, and the Netherlands, in addition to Europe, the United Kingdom, United States, and 100+ other markets via existing payment methods.
This collaboration prioritizes security, speed, and simplicity for the end user. As the cryptosphere continues to grow, a user-centric approach to onboarding will make a significant difference in attracting and retaining users.
We share the mission to increase equal participation in digital assets, regardless of geographical location. The integration of Banxa’s technology into the Yoroi Wallet will reduce transaction limitations, as well as the need to leave the application.
Want to learn more about incorporating Banxa’s network of payment options into your own platform or project? Reach out to our Growth team here.
Developed by EMURGO Fintech, a division within EMURGO – a founding entity of Cardano blockchain – Yoroi is an open-source crypto wallet for the Cardano ecosystem.
