- Charles Hoskinson has praised Ripple for its resilience and leadership. He also highlighted the company’s ability to meet legal and regulatory hurdles.
- Cardano is exploring the possibility of collaborating with Ripple, concentrating on integrating XRP as well Ripple’s stablecoin RLUSD in Cardano’s ecosystem.
Charles Hoskinson expressed recently his admiration for Ripple Chief Technology Officer David Schwartz’s leadership, as well as his intellect. Hoskinson mentioned Ripple’s strength as they continue to battle the United States Securities and Exchange Commission. He said Ripple’s dominance is evident by its ability to overcome lawsuits, delistings, and other challenges.
After December 2020 Ripple has been in a legal battle The SEC accused Ripple, through its sale of XRP, of making an unregistered security transaction. Ripple won the case in July 2023 but it is not over yet. There are still appeals pending. Hoskinson emphasized Ripple’s strong desire and capability to continue developing.
Explore Collaboration between Cardano & Ripple
Hoskinson confirmed that he met with Schwartz, Brad Garlinghouse (the CEO of Ripple), and Brad Garlinghouse to discuss possible collaboration between Cardano & Ripple. Conversations focused on deploying Ripple’s technologies in the Cardano Ecosystem, using Cardano Midnight and Marlowe Smart Contract Language.
Just in: #Cardano $ADA Founder Charles Hoskinson says “David Schwartz is brilliant, it’s a lot of fun being in meetings with him. #XRP was delisted, excluded, Ripple was sued, and even when they won, they still had to fight. $XRP, Cardano, and Bitcoin have a bright future.” pic.twitter.com/rLNoLLOByW
— Angry Crypto Show (@angrycryptoshow) December 22, 2024
Hoskinson expressed his belief in the integration of XRP with the Midnight Network, Cardano’s privacy-focused system. He is confident that XRP adds value to Ripple’s eco-system while also supporting the sidechain. Ripple’s upcoming stablecoin RLUSD was also suggested as a way to increase connectivity in Cardano and promote the development of DeFi.
Marlowe’s smart contracts capabilities was also mentioned in reference to Ripple’s ecosystem, since they could assist with creating tailored contracts and RLUSD integration. Hoskinson pointed out that these features made XRP, RLUSD and Cardano native currencies ADA more suitable for Marlowe.
Ripple’s RLUSD stablecoin: Its Impact
A major point of contention was that the integration of Ripple’s RLUSD stablecoin Cardano’s ecosystem. Stablecoins can be used to integrate traditional financial systems with the blockchain. By integrating RLUSD into the Cardano Sidechain, it may be possible to increase both networks’ adoption and help them with cross-chain communication. Hoskinson said that the integration of RLUSD into Cardano Midnight could improve financial stability as well as increase adoption.
Hoskinson compared Cardano recently to Bitcoin and XRP. According to him, all three projects are capable of long-term success despite many obstacles they face. Hoskinson compared Cardano to XRP, Bitcoin, and Bitcoin Cash, noting that each of these projects is quite stable.
Bitcoin was the winner, as he pointed out. market fluctuations challenges, XRP and XRP both had to contend with regulatory issues and legal problems. Hoskinson says that these obstacles have only helped both networks. They are the two biggest players on the blockchain.
Cardano is not without its problems either. A recent disagreement between IOHK Foundation Cardano is an example of the power struggles that are expected with a decentralized system. Hoskinson says that these conflicts will always exist and can be a good thing, as they help the participants to discuss issues more effectively and to work together.
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Source: www.crypto-news-flash.com
