In a recent ask-me-anything session, Cardano’s founder, Charles Hoskinson, provided insights into two high-profile partnerships that have kept the crypto community talking: the integration with Ripple’s XRP ecosystem and a potential collaboration with Chainlink. As inquiries about these partnerships grow, Hoskinson clarified the status of both, noting that while progress with Ripple is promising, the situation with Chainlink remains complicated.
During the session, Hoskinson expressed optimism regarding the partnership with Ripple, stating that a concrete roadmap is in place. Key features include:
- Native wallet support: XRP will soon be compatible with Cardano’s Lace wallet, allowing users to store their assets securely.
- XRP participation in the Midnight airdrop: Ripple’s XRP will be included in a significant event showcasing Cardano’s privacy-focused sidechain.
- Collaboration with RLUSD: Talks about integrating Ripple’s forthcoming RLUSD stablecoin are ongoing, which may enhance Cardano’s capability to support a fiat-pegged asset.
Hoskinson highlighted his strong relationship with Ripple’s team, especially with David Schwarz, stating that their ongoing discussions signal a positive future for their collaboration.
Conversely, the partnership with Chainlink is not progressing as smoothly. While Hoskinson maintains a cordial relationship with Sergey Nazarov, the integration efforts are stalled. Key points includes:
- Chainlink is migrating to a new integration framework, which has resulted in delays.
- Efforts to expedite the integration have not yielded results, leading Hoskinson to express frustration.
- Despite reassurances of a cordial relationship, integration timelines remain uncertain, often pushed back by months.
Hoskinson stressed that there are no personal or economic issues causing these delays; instead, they stem from a bifurcated codebase that complicates the forecasting of integration timelines.
After discussing Chainlink, Hoskinson shared insights into the competitive landscape for oracle solutions in Cardano. While he remains hopeful for Chainlink’s role in the ecosystem, he noted that alternatives like Pyth Network and Flare are also contenders. He emphasized the importance of robust oracle solutions for the growth of the Cardano ecosystem and hinted at the innovative possibilities that could arise from these various collaborations.
As of now, ADA is trading at $0.72, reflecting the market’s interest in these developments. The landscape of cryptocurrency partnerships continues to evolve, and with Cardano’s focused efforts on integrations and technological advancements, the future promises to be dynamic.
