Swiss fintech Acredius launches on Cardano
- The integration will allow Acredius’ investors to use Cardano’s cryptocurrency, ADA, to invest in SMEs.
- Acredius will also deploy smart contracts on the Cardano blockchain, allowing for the tokenization of loans.
- The ADA price has struggled to get above $0.37 since the rejection of around $0.46 in mid-April.
Acredius, a Swiss lender that provides financing to small and medium-sized enterprises (SMEs), has launched on Cardano blockchain.
The integration will allow Acredius’ investors to use ADA, the native token of the Cardano blockchain, to invest in SMEs and will also provide greater investment flexibility and transparency, the fintech platform said.
In addition, Acredius will distribute smart contracts on Cardano. This will allow for the tokenization of loans, which will make it easier for retail investors to participate in the lending market.
We are pleased to announce our collaboration with @Cardano_CF bringing the power of blockchain to fintech.
Acredius will deploy smart contracts on the Cardano ecosystem, supporting growth opportunities for SMEs.
Learn more about this: https://t.co/XQqQCX8vC2#Cardano
— Acredius (@Acredius_AG) 19 May 2023
Cardano to help Acredius revolutionize the lending market
Acredius is a Swiss fintech platform that helps investors and borrowers shape the future of the economy by supporting small and medium-sized enterprises (SMEs). The company provides a marketplace where investors can lend money to SMEs and borrowers can access capital to grow their business.
The collaboration with Cardano could trigger further adoption of the ADA token, providing new impetus for its value to increase in the future. Elsewhere, it enhances Cardano’s growing ecosystem and outlines the positive impact of blockchain technology in the world.
ADA price outlook
The the price of Cardano has traded below $0.4 since retreating from its mid-April highs of $0.46. ADA bulls have found it difficult to break above $0.37, and the bearish outlook is likely to be aided by a broader break in the crypto market.
If ADA breaks below the support level of $0.35, it may fall to the next support level of $0.31. However, should bulls regain $0.40 in the coming weeks, a retest of the $0.43 resistance level could increase to the next resistance level currently at $0.48.
