NewsletterXRP News: Cardano Founder Charles Hoskinson Reveals Backing For Ripple Coin
Highlights
- Cardano's Lace Wallet will soon support XRP storage and transactions.
- Charles Hoskinson confirms improved relations between IOG and Ripple teams.
- XRP holders eligible for upcoming Midnight (NIGHT) token airdrop.
Cardano founder Charles Hoskinson recently announced the addition of XRP functionality to the platform’s Web3 non-custodial blockchain wallet, Lace. This XRP news was discussed at a recent “Surprise AMA” session on YouTube. Hoskinson said that the Cardano wallet will soon allow users to receive, send, and store XRP.
Cardano founder shows support for Ripple
The Lace Wallet has been steadily expanding its capabilities since its initial launch on the Cardano mainnet in April 2023. Initially designed to support only Cardano native assets like ADA, the platform has gone through several updates to change it into a multi-chain wallet solution.
Last month, the Lace development team added support for Bitcoin. This enables users to store, send, and receive BTC in the same place they store Cardano assets. This XRP integration is one such growth plan for the future. This could make Lace a more viable choice for crypto users with assets on other blockchains.
When IOG introduced Lace, they termed it “the most innovative and secure wallet platform.” The wallet is user-friendly but maintains security requirements required in blockchain solutions. With the inclusion of XRP, Ripple users can hold their coins with Cardano’s native wallet solution.
Hoskinson explained that XRP will be supported in Lace during his AMA session, but he did not provide a date when users can use this feature. His support for XRP comes as he predicted Ethereum to crash in 15 years.
XRP holders will benefit from the NIGHT token airdrop.
During the same AMA session, Hoskinson announced that XRP holders can participate in the impending airdrop for the Midnight token, NIGHT. Earlier this month, Hoskinson had announced plans to airdrop NIGHT tokens to 37 million users across eight different blockchains. This includes the XRP Ledger (XRPL). His recent XRP news ensures that XRP holders remain included in this distribution plan. However, the exact date for the airdrop has not yet been specified beyond expectations for “the coming months.”
The inclusion of XRP holders in the NIGHT airdrop is a strategic approach to ecosystem building. This cross-chain airdrop strategy could help build user awareness and engagement across previously separated blockchain communities. The announcement comes as XRP price is predicted to hit $3.10.
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