Charles Hoskinson Confirms XRP Integration and Midnight Airdrop for Holders

6 hours ago 12
XRP , cardano

The post Charles Hoskinson Confirms XRP Integration and Midnight Airdrop for Holders appeared first on Coinpedia Fintech News

In a recent “Ask Me Anything” session on YouTube, Cardano founder Charles Hoskinson dropped major updates on two key partnerships. While talks with Ripple’s XRP team are progressing smoothly, he revealed that the collaboration with Chainlink is taking longer than anticipated.

Hoskinson sounded very positive about Cardano’s work with Ripple. He shared that soon, XRP will be supported in Cardano’s Lace wallet, allowing users to store their XRP safely. 

Launched in April 2023, the Lace Wallet started with support for Cardano native assets like ADA but has since evolved into a multi-chain wallet through several updates. This integration will allow users to seamlessly manage XRP alongside ADA and BTC directly from the wallet.

XRP Holders To Be Included In Midnight Airdrop

He confirmed the feature is in development but didn’t specify when it will be rolled out. XRP holders will also be included in the Midnight airdrop, Cardano’s new privacy project. Earlier, he shared that the NIGHT airdrop will reach 37 million users, including XRP holders, across eight blockchains, including Bitcoin, Ethereum, Cardano, and XRP Ledger.

Talking about stablecoins, he mentioned that discussions with RLUSD are ongoing, hinting that Cardano might soon support Ripple’s fiat-backed stablecoin. Hoskinson added that his strong ties with Ripple’s team, especially with CTO David Schwartz is speeding up their collaboration.

He also shared that Flare Network plans to bring its oracle services to Cardano, expanding the partnership beyond Ripple. 

Chainlink Delayed Due to Codebase Issues

Coming to Chainlink, Hoskinson noted that things are still friendlier with Chainlink’s founder, Sergey Nazarov, but the partnership has not moved forward yet. Chainlink is working on a new framework for integration, but it has been delayed several times, often by three to six months.

The delays were due to Chainlink’s outdated codebase and complex updates, while noting other oracle options like Pyth Network and Flare.

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