Charles Hoskinson Shares Plans to Connect Cardano with Bitcoin and XRP Ledger

Rather than operating as rivals, Cardano founder Charles Hoskinson wants the trio of Bitcoin, XRP, and ADA to chart a positive future.

Charles Hoskinson, the founder of Cardano, has shared his vision to build stronger connections between Cardano, Bitcoin (BTC), and the XRP Ledger (XRPL). In a recent conversation with eToro market analyst Sam North, Hoskinson explained how these three blockchain networks can work together. 

He believes their collaboration could solve major issues in the crypto space and strengthen each other’s networks.

Charles Hoskinson Plans Big Boost for Cardano

During the interview, Cardano founder recently shared his thoughts on Ripple and the XRP Ledger (XRPL). 

He said Ripple Labs has built a strong and well-funded network, but XRPL still has some big issues. He pointed out that the blockchain network does not support smart contracts, making it hard for developers to build more advanced applications.

The crypto founder suggested adding a computation layer to XRPL to solve this challenge. This new layer would allow smart contracts and help connect XRPL with real-world assets (RWA) and banking systems. This upgrade could make the network more useful for developers and businesses.

Hoskinson also said incorporating digital assets like XRP and Bitcoin into Cardano’s ecosystem could help it grow. A big part of his plan includes the protocol’s privacy-focused blockchain called Midnight. He wants to add support for XRP and Bitcoin on this network. 

Meanwhile, the Cardano founder is very positive about Bitcoin’s future. In April, he made a bullish prediction that the price of Bitcoin could potentially hit $250,000 by the end of 2025 or 2026. 

Furthermore, if these partnerships work out, these digital currencies could help boost Cardano’s total value locked (TVL), the amount of crypto used in its apps. Currently, ADA’s TVL is about $393 million. Ethereum (ETH) and Solana (SOL) have around $72 billion.

Charles Hoskinson believes ADA could grow its TVL to $288 billion, four times more than Ethereum and Solana combined. While this is a big goal, he believes it is possible with the right partnerships. This is all part of Charles Hoskinson’s bigger plan to make Cardano a faster, safer, and more private blockchain. 

The founder recently joined the Starstream Working Group, which he thinks could be key to Cardano’s future.

Plans To Build Stronger Ties with the XRP Community 

Hoskinson’s new approach comes after ending a long disagreement with the XRP community. He has recently spoken with Ripple leaders, including David Schwartz and Brad Garlinghouse, although no official partnership has been announced yet.

Nevertheless, the protocol has already started to support XRP in other ways. XRP can now be stored in Cardano’s Lace wallet, and XRP holders can participate in the upcoming airdrop of Cardano’s Midnight tokens called NIGHT and DUST. 

Hoskinson has also said he would like to see Ripple’s RLUSD stablecoin added to the Cardano network. Although it will take time and effort, Hoskinson is confident that this shared future is possible.

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