Fidelity plans to buy the Cardano (ADA) coin for banking, Small loans, and Merchant payments

It has recently been reported that Fidelity, which is the biggest trader of Ethereum ETF, now wants to increase its investment in Cardano (ADA) coin because it has been told that due to low transaction fees, staking, smart contract, EVM, Network Security, Proof-of-stake, scalability and low renewable energy cost in ADA, it has now been included in Fidelity and Trump’s Genius Act. ADA (Cardano) is the most valued currency because it fuels, oil- renewable energy-based network by paying for transactions and participating in its Proof-Of-Stake system. Cardano allows holders to stake and earn rewards. ADA also serves as a form of on-chain governance for voting on proposals and plays a role in smart contracts, decentralized finance (DeFi), and NFT marketplaces within the Cardano ecosystem. The network’s unique multi-layered architecture and evidence-based development approach, supported by a strong team and academic review, are key factors driving its potential and perceived value, according to sources like BitDegree, Binance, Coinbase, and CoinSwitch.

Fidelity is investing in Cardano (ADA) by rejecting XRP and Solana as alternatives to Ethereum and Bitcoin.

Recently, Fidelity and some Crypto ETFs holders have claimed that by increasing investments in Cardano, banking, financial, loans, merchant, and mining costs can be diverted because ADA founder Charles Hoskinson had said that Cardano will become the biggest alternative to Ethereum and Solana, as Cardano considers XRP as its biggest competitor. Fidelity says buying Cardano (ADA) may offer futuristic opportunities like proof-of-stake protocol, International settlement, enabling secure, flexible smart contracts, research, education, machine learning, Robotics, and DApps for DeFi, NFTs, long-term reliability, web3 innovation, and more. Fidelity claims that Ethereum holders can stake their coins to earn passive ADA (Cardano) rewards (typically 4-6% annually) by supporting the ADA community and Cardano ETF investors without selling assets, Ethereum, or Bitcoin. Top Companies BlueWhale, Paima Studios, BitMe, including Fidelity, are going to begin raising the first $1 billion fund to buy Cardano by the end of 2025. Recently, Bitmine’s Tom Lee said he will consider Cardano as an Ethereum and Bitcoin alternative to invest in and hold.