Acredius is a Swiss Fintech platform which helps investors and lenders shape the future economy by supporting small- and medium-sized enterprises (SMEs). The company offers a platform where investors can lend to SMEs and borrowers have access to capital for their business growth.
The collaboration with Cardano will allow Acredius’ investors to use Cardano’s cryptocurrency, ADA, to invest in SMEs. Acredius will also deploy Smart contracts on the Cardano Blockchain which will allow for tokenization of loans, allowing retail investors to more easily participate in the lending market.
The integration of the two can help bolster the adoption of the ADA token in the future, thereby boosting its value. It will also enhance Cardano’s growing ecosystem and outlines the positive impact of blockchain technology in the world.
Since the rejection of around $0.46 in late mid-2013, ADA has struggled to rise above $0.37.April. If ADA drops below the $0.35 support level, it may fall to the next $0.31 support level. However, if bulls are able to reclaim the $0.40 level in the coming week, then a retest at the resistance level of $0.43 would likely lead to a rally towards the next resistance, which is currently $0.48.