Cardano (ADA) Strengthens Its Position In DeFi Room, Establishes Cooperation With Swiss Fintech, Acredius

JAKARTA Rival Ethereum, Cardano, strengthens its existence as a major player in the decentralized Finance (DeFi) financial space. The crypto company founded by Charles Hoskinson managed to surpass expectations by implementing more than 1,000 smart contracts for the DeFi project.

In maintaining that reputation, Cardano recently entered into a partnership with one of Switzerland's leading payment companies, Acredius. The information was announced by Acredius on May 19 on his official Twitter account.

The partnership is aimed at developing Cardano-based DeFi services to reach more users in Switzerland. Acredius himself intends to expand its business by utilizing the latest technology through the Cardano service.

With this partnership, Acredius users can use the ADA token issued by Cardano to invest in various companies in Switzerland. Especially companies listed on the new platform as a result of Acredius' partnership with the Cardano Foundation.

In addition, the Swiss company promises to launch a secondary market so that users can liquidate their investments and get greater flexibility.

This is a big step by financial technology company Acredius to realize his vision to improve the decentralized application ecosystem (DApp) through Cardano. The reason Arcedius chose Cardano was because of his security system, transparency, and ability to encourage financial inclusion.

We are very pleased to work with Cardano, a leader in the blockchain space. This collaboration will benefit both parties and facilitate access to market loans. Our client's needs and hopes continue to grow. We are trying to be the pioneers of innovation in the market lending industry," said Ghassen Benhadjsalah, Co-Founder & CEO at Acredius.

For information only, market lending refers to a loan model for individuals or companies in need. The difference is, this process is carried out peer-to-peer. Where the borrower will be directly linked to the lender online through the fintech platform.