Yoroi, the largest non-custodial wallet for the Cardano (ADA) blockchain ecosystem, has shared details of version 5.0. Thanks to new feature-rich integrations, Cardans won't have to leave Yoroi to convert crypto into cash anymore.

Yoroi top ADA wallet enhances paper processes: details

Yoroi, the dominant decentralized wallet for Cardano (ADA), has announced the release of v5.0 for the mainnet. It is equipped with advanced fiat-to-crypto conversion tools thanks to the new partnerships of the Yoroi team.

Specifically, with Encryptus fiat off-ramp support, users can easily convert their ADA into cash directly in their wallet without the need for additional installations or transferring funds to third-party applications.

Also, thanks to a partnership with fintech heavyweight Banxa, the process of purchasing ADA with cash is simpler than ever. Both transactions are charged a fee of 2%.

The team's official statement said that more updates to ADA wallet tools will be released soon.

Developed by EMURGO, Yoroi is the main non-custodial wallet in the Cardano (ADA) ecosystem. Besides receiving, storing and sending ADA, it is also used for storing and voting in Cardano (ADA) polls.

Cardano (ADA) TVL back above $500M

As previously reported by EMURGO, other notable improvements to the Yoroi 5.0 release include portable decentralized applications (dApps) explorer, wallet manager, dark mode, etc.

In mid-January 2024, Cardano's DeFi ecosystem (ADA) is recovering along with the rest of the cryptocurrency sector. The total value locked across Cardano's DeFis once again exceeds half a billion dollars.

Liqwid, Splash, Indigo, and Minswap DeFis are responsible for more than 70% of this massive volume.

Cardano (ADA) price is targeting the crucial level of $1. As of press time, it is trading at $0.97 after a 7% rise over the past 24 hours.