- Cardano’s Charles Hoskinson and Ripple’s David Schwartz engaged in a productive conversation.
- The two discussed the adoption of XRP and Midnight’s privacy features.
- Cardano and Ripple are also expected to partner for the latter’s RLUSD.
Cardano founder Charles Hoskinson and Ripple CTO David Schwartz discussed Midnight, a privacy-focused blockchain, and the future of XRP. This conversation has sparked excitement in the crypto community.
Hoskinson and Schwartz talked about XRP’s growing role in the digital asset space and expressed excitement about Midnight’s advanced privacy technology. Schwartz said that Midnight is “extremely interesting” and uses an innovative approach to privacy and scalability.
The two also discussed the increase in XRP use cases and the altcoin’s growing presence in cross-border payments. Schwartz emphasized the importance of building scalable and efficient blockchain solutions to solve real-world problems, citing Midnight’s capability to do so.
Potential Cardano and Ripple Collaboration
Midnight uses zero-knowledge cryptography, allowing users to initiate secure and private transactions. The testnet launched in October, allowing developers to work on privacy-focused decentralized applications.
It is important to note that the two blockchain ecosystems–Cardano and the XRP Ledger–are expected to collaborate in the near future. Cardano’s Hoskinson stated that the two could also team up for the development of Ripple’s much-awaited stablecoin project, RLUSD.
XRP and ADA Price Performance
XRP and ADA, both altcoins, are performing quite well with XRP surging 104.58% in the past 30 days while ADA skyrocketed 114.48% in the same time period. The cryptocurrencies dropped 5.34% and 0.60% in the past 24 hours and are trading at $1.11 and $0.7517, respectively. In the past week, XRP rose 84.03% while ADA’s price increased 28.29%.
Read also: Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20%
XRP is ranked as the 6th-largest cryptocurrency with a market cap of $63.16 billion while ADA is the ninth-largest digital asset in the market with a valuation of $26.33 billion. Both are trading at discounts of 71.18% and 75.79% to their all-time highs, respectively.
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