HomeNewsCardano's Billion-Dollar Leap: Swiss Fundraising Titan Joins Forces, Propelling SMEs into Stratospheric...

Cardano’s Billion-Dollar Leap: Swiss Fundraising Titan Joins Forces, Propelling SMEs into Stratospheric Growth

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    • Digital fintech platform Acredius partners with Cardano Foundation, integrating ADA token into its business operations, facilitating investments into Swiss small and medium enterprises (SMEs).
    • Acredius plans to join the Cardano dApps ecosystem, deploying smart contracts on Cardano, further enhancing tokenization opportunities for SMEs.

Acredius and Cardano Foundation Team Up to Boost Blockchain in Lending

Swiss fintech firm Acredius has unveiled a landmark partnership with the Cardano Foundation to promote blockchain utilization in the lending sector. Acredius, known for providing fundraising and lending/borrowing services, is excited about the possibilities this collaboration with Cardano can bring about.

Following the announcement, Acredius customers can now use Cardano’s ADA token to invest directly in Swiss SMEs, marking a significant milestone in Cardano’s real-world application strategy. Furthermore, Cardano token holders will soon have access to the Acredius “Secondary Market” module, enhancing the liquidity of their holdings.

Ghassen Benhadjsalah, co-founder and CEO of Acredius, emphasises the mutual benefits of this collaboration:

“Joining forces with Cardano, a leader in the blockchain space, will enhance our service visibility and marketplace lending accessibility. We aim to stay ahead in the marketplace lending industry, adapting to our client’s changing needs and expectations.”

Further Tokenization Opportunities for SMEs via Cardano’s dApps Ecosystem

This partnership is more than just integrating ADA as a payment method and providing additional utilities for its holders. Acredius is set to enter the dApps ecosystem of Cardano’s blockchain. The firm plans to deploy smart contracts on Cardano, the second-largest proof-of-stake (PoS) blockchain, bringing more tokenization opportunities to retail investors and SMEs and improving fundraising processes.

Cardano’s Progress and Future Prospects

Regarded as one of the potential “Ethereum killers,” Cardano has been steadily evolving in the blockchain arena since its inception in 2017 by Charles Hoskinson and Jeremy Wood. With a focus on scalability, security, and energy efficiency, Cardano aims to challenge Ethereum’s position as the leading blockchain platform for dApps.

Recent developments such as Hydra, an upgrade improving Cardano’s scalability by creating subchains that handle transactions in parallel, and the deployment of more smart contracts have strengthened Cardano’s position as a serious contender to Ethereum. Also, the integration of smart contracts in 2021 following the Alonzo fork has seen Cardano’s smart contracts surge, expanding the platform’s capabilities.

Despite the growth, Cardano is yet to surpass Ethereum due to Ethereum’s wider adoption and a mature dApp ecosystem. However, Cardano’s unique advantages, such as energy efficiency and scalability, along with continued progress and increased adoption, make it a promising contender in the blockchain space and a possible alternative to Ethereum.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: [email protected] Phone: +49 160 92211628