With the advancement in the crypto space going up and beyond what it used to be a couple of years back, there is an array of new options being made available for the community. The most recent one is Cardano partnering with one of the most reputable fintech firms in Switzerland to work on increasing the smart contract development on its network! This step is also going to make it possible for Cardano-based DeFi services to be available to more users.
The development team at Cardano has been working dedicatedly to expand and enhance the capabilities of the network. So far, in 2023, Cardano, the Proof of Stake (POS) chain, has made a lot of progress to solidify its reputation for being a prominent player of the DeFi space! It has also surpassed the expectations of the network by deploying around 1,000 smart contracts!
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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 Ecosystem, supporting growth opportunities for SMEs.
Learn more about this: https://t.co/XQqQCX8vC2#Cardano
— Acredius (@Acredius_AG) May 19, 2023
In the last week of May, a Swiss fintech company, Acredius, made an announcement on Twitter that it will be launching a DeFi protocol in partnership with the Cardano Foundation on the POS network. The Web3 company has been planning to leverage the smart contracts of Cardano in order to expand its fundraising business. This said step is apparently a part of Acredius’s “commitment to providing cutting-edge technology and solutions for its users.”
The Co-Founder & CEO of Acredius, Ghassen Benhadjsalah, has shared his thoughts on the partnership and what it means. He said, “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. Our client’s needs and expectations are evolving. We strive to be at the forefront of innovation in the marketplace lending industry.”
With the partnership on its way, the users of Acredius will be able to use the native token of Cardano; ADA, in order to invest in registered Swiss businesses on the new platform. In addition to that, the Swiss company has also promised to launch a secondary market for its users, which will help them in liquefying their investments while also enjoying much greater flexibility.
Apart from empowering the Swiss businesses, Acredius has also made plans to look into increasing the smart contract development on the Cardano network by joining their dApp ecosystem. Some of the other functionality of the ADA ecosystem that the fintech company plans on leveraging are as follows:
- security
- transparency
- ability to promote financial inclusion
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Source: Dailycoin
