Cardano founder Charles Hoskinson recently announced the addition of XRP functionality to the platform’s Web3 non-custodial blockchain wallet, Lace. This move was discussed during a surprise AMA session on YouTube, where Hoskinson revealed that the Cardano wallet will soon support XRP transactions. The Lace Wallet, originally designed for Cardano native assets like ADA, has been expanding its capabilities since its launch in April 2023.
The addition of XRP support is part of Lace’s growth plan to become a multi-chain wallet solution. Last month, the Lace development team added support for Bitcoin, allowing users to store, send, and receive BTC alongside Cardano assets. With XRP integration, Lace becomes an attractive option for crypto users with assets on multiple blockchains. Hoskinson emphasized the wallet’s security features while highlighting its user-friendly interface.
During the AMA session, Hoskinson also announced an upcoming airdrop of NIGHT tokens for XRP holders. The NIGHT token will be distributed to 37 million users across eight different blockchains, including the XRP Ledger. This cross-chain airdrop strategy aims to build user engagement and awareness across various blockchain communities. Although the exact date of the airdrop has not been specified, it is expected to take place in the coming months.
The decision to include XRP holders in the NIGHT airdrop aligns with Hoskinson’s vision for ecosystem building and community engagement. By involving users from different blockchains, including XRP, in the airdrop, Cardano aims to foster a sense of unity and collaboration within the crypto space. This move comes at a time when the XRP price is predicted to reach $3.10, signaling potential growth and interest in the token.
Hoskinson’s support for XRP and the upcoming NIGHT token airdrop demonstrate Cardano’s commitment to promoting inclusivity and interoperability in the crypto ecosystem. By expanding the functionality of the Lace Wallet to support multiple cryptocurrencies, including XRP, Cardano is positioning itself as a versatile and user-friendly platform for crypto holders. As the crypto industry continues to evolve, cross-chain solutions like Lace could play a crucial role in driving adoption and innovation.
In conclusion, Cardano’s integration of XRP functionality and the upcoming NIGHT token airdrop underscore the platform’s commitment to fostering collaboration and engagement across different blockchain communities. Through initiatives like the Lace Wallet and cross-chain airdrops, Cardano is paving the way for a more interconnected and inclusive crypto ecosystem. As the industry continues to mature, interoperability and user-friendly solutions like Lace could be key drivers of growth and adoption in the future.
