We are thrilled to announce that GeroWallet has just submitted its first milestone for our Bank API integration, a significant step forward in bridging the gap between traditional finance (Web2) and blockchain technology (Web3).
In case you missed our recent tweet, we are kicking things off with a credit card creation flow—allowing you to spend your ADA using a Gero-designed Mastercard.
We’re proud to lead the way as the first Cardano wallet to integrate directly with a banking institution. This milestone underscores our commitment to making Cardano more accessible and practical for everyday transactions—especially when managing funds using our Gero Dashboard wallet desktop extension.
Why Bank API Integration is important
One of the biggest challenges in DeFi and blockchain adoption is seamless integration with traditional banking services. As Cardano continues to gain traction, so does the need for an easy way to transact in fiat currencies alongside ADA.
By integrating with a regulated European bank, GeroWallet aims to provide:
Secure, regulated storage of liquidated funds
Reduced scam risk through transparent compliance
Smooth everyday usability via easily topped-up credit cards
Greater adoption as ADA bridges into traditional finance
In essence, this move paves the way for true Web2–Web3 unification, making it simpler to shift between fiat and crypto—and actually use ADA in real-world scenarios.
Backed by Catalyst Funding13
We’re proud that our Bank API integration project secured Project Catalyst Fund13 support after the community recognized its potential impact.
Three-Month Timeline – Our dedicated team is on track to complete the integration in three months.
Strategic Investment – Catalyst’s support represents a key investment in Cardano’s future, emphasizing real-world utility.
Measured Impact – We’ll track user adoption rates, transaction volumes, and user feedback to gauge our progress.
This funding enables us to develop the API and wallet backend integration in compliance with stringent banking regulations and DevSecOps requirements.
API Integration with a European Bank
We’re integrating with Satchel.eu, a rapidly growing digital banking provider regulated by the National Bank of Lithuania. Their robust infrastructure includes:
European IBAN Accounts
SEPA and SWIFT Payment Processing
Mastercard-Powered Payment Cards
Proprietary Cryptocurrency Exchange & OTC Desk
This collaboration ensures our growing Cardano community's secure, compliant, and user-focused experience.
2. Credit Card Creation Flow with Mastercard
Our first milestone focuses on a user-friendly credit card experience:
Card Ordering – Users can request a Gero-designed Mastercard.
Balance Inquiry – Quickly check fiat balances.
Card Top-up – Convert ADA to fiat in just a few taps and load your card.
Transaction History – View all card and wallet transactions in one place.
By combining ADA-to-fiat conversion with standard banking services, Gero Dashboard helps users avoid the hassle and risks linked to centralized exchanges.
Instead, funds can be held in insured bank accounts, providing extra peace of mind for some users.
What This Means for the Cardano Community
Everyday Utility for ADA – Spend ADA anywhere Mastercard is accepted.
Enhanced Security & Trust – Funds stored under a regulated entity, lowering scam risks.
Bridge to Web2 – Reduce barriers between traditional finance and crypto, driving Cardano adoption.
ZKP Implementation – Pioneering privacy solutions for Cardano users without compromising compliance.
Ultimately, Gero Dashboard integration reinforces Cardano’s position as a blockchain platform ready for real-world use cases.
Our first milestone submission for the Bank API integration is a substantial leap toward making crypto truly accessible to the global Cardano community.
By combining Gero Dashboard user-friendly interface with Satchel’s robust banking infrastructure, we are setting a new standard for secure, compliant, and convenient crypto-to-fiat transactions.
Stay tuned for more updates as we work through our next milestones.
Don’t hesitate to connect support team or reach out to us on social media and join the Gerowallet community.
In the meantime, thank you once again for your unwavering support—together, we’re building a future where Cardano and ADA are seamlessly woven into everyday financial life!
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