Acredius Integrates Cardano Blockchain for SME Credit Services

05/21 06:40

Swiss financial institution Acredius has partnered with the Cardano Foundation to integrate blockchain technology into its lending solutions for small and medium-sized businesses. As part of the collaboration, Acredius will implement its smart contract on the Cardano Blockchain network, which is known for its scalability and use of the Proof-of-Stake consensus mechanism. The move is expected to boost market demand for ADA, the Cardano blockchain's native cryptocurrency. Over the past 30 days, the Cardano network has seen a surge in its Defi activity and the deployment of 1,000 new smart contracts. The current market value of ADA stands at $0.3661, down 8.90% in the preceding 30 trading days.
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