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Yoroi 5.0: New Features and ADA-to-Cash Conversion Support

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by A1

6 hours ago

Yoroi, the main Cardano (ADA) non-custodial wallet, has released its version 5.0, adding fiat to crypto banking features.

Introduction to Yoroi 5.0

Yoroi 5.0 offers ADA-to-cash conversion, eliminating the need for third-party applications. The integration with Encryptus allows users to process transactions directly within the wallet, ensuring convenience and security.

New Features and Integrations

Collaborating with Banxa, Yoroi simplifies the process of ADA purchases with cash. The update includes a dApps explorer, a portfolio manager tool, and a dark theme option, enhancing the user experience for ADA holders.

Current State of Cardano's DeFi

Yoroi's update coincides with a DeFi sector revival on Cardano, with the TVL stake exceeding $500 million. Platforms like Liqwid, Splash, Indigo, and Minswap account for over 70% of this volume, indicating high ecosystem performance.

The development of Cardano's DeFi and Yoroi's new features could further boost the ADA value, currently at $0.97.

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