Cardano (ADA) Primed for Bull Market as Walmart Rolls Out Crypto Cashback Program

Cardano is set to receive a significant boost through an innovative partnership with Walmart, which will introduce a crypto cashback program featuring Cardano's native token, ADA.

Cardano (ADA) is set to receive a major boost thanks to an innovative partnership with Walmart that will introduce a crypto cashback program.

Announced on February 3, the initiative will see ADA offered as cashback on everyday purchases at one of the world's largest retailers.

Walmart, which caters to around 230 million customers globally, will be collaborating with Bring, a white-label crypto cashback company, to launch the program. The integration will allow users to earn ADA for purchases made through the Walmart website.

notably, users will be able to receive cashback in ADA on a wide range of products, including groceries, electronics, and household essentials, thanks to the Cardano-based lightweight wallet Yoroi.

To participate in the program, users will need to install the Yoroi Wallet Extension in their browser. Once set up, the extension will identify eligible purchases on Walmart's online store and alert users to available ADA cashback offers. By accepting the offer and completing the purchase, users will be able to earn ADA rewards.

In other news, Bring also announced a similar partnership with Newegg, an online retailer specializing in electronics, computer hardware, software, and tech products. The collaboration will enable users to shop for tech items and earn ADA cashback via GeroWallet, another wallet on the Cardano blockchain.

These collaborations are significant for Cardano, especially considering the major developments hinting at a potential bull market for ADA.

Recently, Charles Hoskinson, the founder of Cardano, proposed using Cardano's blockchain technology to enhance U.S. federal budgeting processes. The move would streamline budgeting, reduce corruption, and ensure transparency by allowing the public to verify the allocation of tax funds.

Hoskinson also predicted that blockchain will be fully integrated into U.S. government functions within five years, including voting systems, procurement, payments, identification, and central banking. He envisions a ripple effect where up to 50 countries could follow the U.S. lead, potentially transforming global governance and financial systems.

Moreover, as Cardano expands its offerings to traditional investors and institutions through various publicly traded ETPs, including those by 21Shares, ETC Group, and Valour, many experts anticipate that ADA will soon gain approval for a U.S.-based exchange-traded fund (ETF).

As a result, the probability of an ADA ETF for 2025 has soared from 21% on January 1 to 69% on January 30, according to the market prediction platform Polymarket.