Leading blockchain Cardano (ADA) has signed a new partnership deal with Zürich-based financial technology firm Acredius via its non-profit arm Cardano Foundation. The Swiss company is recognized for facilitating fundraisers and offering lending and borrowing services with innovative technologies for its customers
With Cardano, Acredius is now able to explore the integration of its service with blockchain technology.
The collaboration with Cardano is a step towards expanding its services and offerings to customers in the region and beyond. It is also a strategy for Acredius to promote financial inclusion and adopt advanced technology.
We are thrilled to announce our collaboration with @Cardano_CF to bring the power of blockchain to fintech.
Acredius will deploy smart contracts on the Cardano Eco, supporting growth opportunities for SMEs.
Learn more about this:
— Acredius (@Acredius_AG) May 19, 2023
As the deal officially goes live and the Acredius platform launches on the Cardano eco, Acredius’ customers would have access to the Cardano token to make direct investments in SMEs located in Switzerland
In the long run, these users will be granted access to the Acredius “Secondary Market” module. Interestingly, this access will boost the liquidity of their holdings more than it has ever been and they would get to enjoy more flexible investments
Ultimately, this alliance would promote better investment portfolio transparency, provide access to innovative solutions, improve security, and build trust. While this is somewhat beneficial to the Swiss lending company, it is also a significant advancement for Cardano seeing that it explores another real-world use case, hence increasing its usage strategy
Ghassan Benhadjsalah, co-founder and Chief utive Officer (CEO) at Acredius explained how the collaboration is beneficial to both entities.
“We are excited to join forces with Cardano, a leader in the blockchain space. This collaboration will benefit both parties and ease access to marketplace lending,” he said, adding,
Our client’s needs and expectations are evolving. We strive to be at the forefront of innovation in the marketplace lending industry.
Cardano has been making tremendous progress in the blockchain eco since its inception six years ago. Most importantly, Cardano was developed to increase scalability and improve the security of the network. Its focus has remained on contesting the supremacy of the Ethereum (ETH) network as the leading blockchain for decentralized applications (dApps).
It is worthy of note that Cardano Hydra has contributed immensely in this regard even though there’s currently a controversy over whether Hydra will give the network a scalability that can theoretically soar to 1 million Transactions Per Second (TPS) as was earlier suggested. Hydra is a Layer-2 solution designed to facilitate the fast processing of payment and smart contracts off-chain. This is all geared towards increasing scalability.
In the second week of May, Sebastian Nagel, a freelance software engineer working on Cardano’s Hydra layer two scaling solution announced the launch of the first mainnet-compatible Hydra node (version 0.10.0.). At the same time, he explained that more upgrades are coming in no distant time, therefore, developers and Cardano community members were encouraged to explore, spot issues, and communicate them effectively
