Cardano (ADA) founder Charles Hoskinson made noteworthy statements regarding Ripple and the XRP ecosystem. Hoskinson stated that Ripple has been actively working in the sector for a long time and that the company is taking concrete steps every day.
Hoskinson stated that Ripple has launched its RLUSD stablecoin, completed a $1.3 billion Prime Broker deal, and brought hundreds of banks into its ecosystem. Noting that Ripple has been in the industry for 12 years, Hoskinson said, “You have to keep developing.”
Hoskinson also touched upon Cardano’s technical development, stating that the Leios upgrade would provide approximately a 60x increase in in-system processing capacity. Arguing that this development would make Cardano as performant as XRP, Hoskinson added, “We haven’t compromised on our principles.”
Hoskinson also mentioned plans to accelerate ADA’s growth, stating that LayerZero, Circle, and other key companies have been included in the ecosystem as part of the Pentad initiative. He added that growth-oriented teams like AlphaGrowth are also involved, and that commercial products will be developed to increase Cardano’s total locked asset value and trading volume.
Hoskinson stated that the Cardano ecosystem is also focused on increasing scalability on the technology side, saying, “Everyone is moving forward, we’re working 24/7. We all work very hard here and we don’t stop. The market isn’t where it should be, but it’s in a much better state compared to 2018.”
Hoskinson also made statements regarding the Midnight project. He said that Midnight initially focuses on the “big 7” ecosystem, including Bitcoin, Ethereum, Cardano, Avalanche, Solana, BNB, and XRP, and that users from these networks can join Midnight.
*This is not investment advice.
