Zeal proudly presents 'Recharge,' a feature that helps users utilize their decentralized finance yields for real-world purchases.

The provider of self-custodial cryptocurrency wallets has launched 'Recharge,' a cutting-edge feature that lets users in Europe and the UK leverage their DeFi profits through on-chain Visa cards for transactions in real-life establishments like cafes, restaurants, and stores. Zeal Hannes Graah, a builder at Zeal, remarked in a statement: 'This is a crucial advancement in the merger of decentralized finance with day-to-day transactions,' highlighting that for the first time, users can receive earnings from reliable DeFi platforms and use those profits in real-world scenarios while retaining complete control of their assets.

Zeal sets itself apart as the pioneering platform that directly links DeFi yields to a self-custodial Visa card, granting users total dominion over their assets within the Zeal Wallet. This method allows for independent yield generation without the need for third-party custodians, ensuring a seamless spending experience.

The operation of 'Recharge' is user-friendly: individuals can deposit tokenized currencies such as USD, EUR, or ETH into DeFi systems like Aave, Maker, and Lido through Zeal, with the potential to earn annual returns of up to 8%. After each transaction, 'Recharge' facilitates the automatic movement of assets from these DeFi systems to the on-chain Safe account tied to users' Visa cards.

Funds remain in their original cryptocurrency format in the Zeal Wallet until a transaction occurs, at which point they are effortlessly converted to fiat currency at the point of sale, ensuring smooth spending.

Furthermore, this functionality integrates with the Gnosis Pay on-chain crypto card, enhancing convenience by allowing users to spend directly from their DeFi yields at any transaction terminal.

Facilitating Streamlined Solutions for Daily Cryptocurrency Transactions.

This self-custodial wallet is designed to equip users with DeFi options while enabling convenient spending. By merging blockchain advancements with a user-friendly interface, it seeks to elevate the financial landscape, empowering users to enjoy total control over their assets and reap benefits from both decentralized and traditional financial infrastructures.

Zeal Zeal has also recently formed a partnership with Gnosis, an Ethereum sidechain, to create user-friendly solutions for everyday self-custodied crypto transactions, simplifying the process to the ease of cash usage. Gnosis has backed this venture with a $2 million investment, bringing Zeal’s total funding to $9 million after an earlier seed round of $7 million.

Please bear in mind that the information on this page is not intended to serve as legal, tax, investment, financial, or any other form of advice. Always invest only what you can afford to lose and seek independent financial counsel if you're uncertain. For more details, we recommend checking the terms and conditions, as well as the help and support sections provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial reports, but remember that market conditions can change unexpectedly. Gnosis Alisa is a passionate journalist at Cryptocurrencylistings, with expertise in cryptocurrency, zero-knowledge proofs, investments, and the vast universe of Web3. With a sharp focus on emerging trends and innovations, she offers in-depth insights to engage and educate readers about the rapidly changing world of digital finance.