Ripple-Cardano collaboration seems even more likely after this development: details

TL;DR

Discussions between Charles Hoskinson and Ripple leadership hint at a possible partnership. Hoskinson recently apologized for previous remarks about XRP and expressed interest in building bridges with the Ripple ecosystem.

Shaking hands along the way?

Earlier this month, Cardano founder Charles Hoskinson revealed that he had a conversation with Ripple CEO Brad Garlinghouse. The former described the latter as “a great CEO” and called him “extremely collaborative.”

Garlinghouse confirmed that there was indeed a discussion, thanking Hoskinson for his kind words and saying, “Now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.”

While the exact topic of the conversation was unknown, the crypto community interpreted it as a sign of future collaboration between Ripple and Cardano.

It is worth mentioning that Hoskinson recently indicated that he will spend some of his time helping the Trump administration create a comprehensive and possibly more favorable regulatory environment for the crypto industry.

Garlinghouse, on the other hand, was rumored to have met with the president-elect or someone in his next cabinet to discuss potential regulatory reforms involving the industry. That said, the two executives could have focused on that front.

More recently, Hoskinson had another conversation with someone from Ripple’s management team: CTO David Schwartz. He claimed that they discussed the privacy-focused sidechain under the Cardano ecosystem (Midnight) and Ripple’s native token (XRP). “Wonderful technical talk,” said Hoskinson.

Shortly after, Schwartz stated that “it was a pleasure” to speak with Cardano’s founder, adding that “Midnight sounds extremely interesting.”

As expected, this fueled further speculation that a major partnership between the two entities could be on the horizon.

Hoskinson’s excuse

Warming feelings between Cardano and Ripple could be considered a surprise due to Hoskinson’s feud with the XRP army over the years. In 2022, he criticized the Ripple community for being “toxic and mean”. He also stated that he would no longer discuss the company or matters related to XRP. Last week, however, he apologized, imagining a possible partnership between the two ecosystems:

“I would love to find ways to build bridges and work with them just like we are building bridges with the Bitcoin ecosystem. There are many areas of potential collaboration that I could see – from Midnight interoperability with Ripple to maybe , participate in this stablecoin that the Ripple ecosystem has been creating.”

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

LIMITED OFFER for CryptoPotato readers on Bybit – Use this link to register and open a FREE $500 position with any currency!

Leave a Reply

Your email address will not be published. Required fields are marked *