- The integration will allow Aledius investors to invest in SMEs using Cardano’s ADA cryptocurrency.
- Acredius will also deploy smart contracts on the Cardano blockchain to enable tokenization of loans.
- The ADA price has struggled to break out of $0.37 since it rejected near $0.46 in mid-April.
Swiss lender Acredius, which provides loans to small and medium-sized enterprises (SMEs), launched and Cardano blockchain.
The integration will allow Aledius investors to invest in SMEs using ADA, the native token of the Cardano blockchain, while also increasing investment flexibility and transparency, the fintech platform said.
Furthermore, Acredius smart contract on Cardano. This will enable tokenization of loans, making 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 deploys smart contracts in the Cardano ecosystem to support growth opportunities for SMEs.
— Acredius (@Acredius_AG) May 19, 2023
Cardano Helps Acredius Revolutionize Lending Market
Acredius is a Swiss fintech platform that helps investors and borrowers shape the future of the economy by supporting small and medium enterprises (SMEs). The company provides a marketplace where investors can lend money to small businesses and borrowers can access capital to grow their businesses.
A partnership with Cardano could drive further adoption of the ADA token, a new impetus for its rising value in the future. Elsewhere, we will strengthen Cardano’s growing ecosystem and outline the positive impact of blockchain technology in the world.
ADA price outlook
of Cardano price Since retreating from the mid-April high of $0.46, it has been trading below $0.4. ADA bulls are finding it difficult to break above $0.37, and a widespread stagnation in the cryptocurrency market is likely to boost the bearish outlook.
If the ADA breaks below the support level of $0.35, a drop to the next support level of $0.31 is possible. However, if the bulls retake $0.40 in the coming weeks, the resistance at $0.43 will be retested and a rally to the next resistance currently at $0.48 is possible.