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Sujit Kumar
Nov 14, 2024

Cardano’s Hoskinson Praises Ripple’s Garlinghouse, Signaling Possible Collaboration

Hoskinson Praises Ripple
In a recent post on X, Cardano co-founder Charles Hoskinson lauded Ripple CEO Brad Garlinghouse, describing him as “extremely collaborative” and a “great CEO.” This unexpected praise marks a potential thawing of tensions between Hoskinson and Ripple, hinting at a more unified approach within the crypto industry.

Past Tensions with XRP Community

Hoskinson has previously clashed with members of the XRP community, especially regarding the contentious “ETH Gate” conspiracy theory, which alleged that the U.S. Securities and Exchange Commission (SEC) unfairly targeted XRP to favor Ethereum. In the past, Hoskinson refuted these claims, leading to friction with XRP supporters. Yet, his recent commendation of Garlinghouse’s leadership signals a shift towards reconciliation and industry collaboration.

A New Path for Cardano and Ripple?

Hoskinson’s new stance has piqued curiosity about potential synergies between Cardano and Ripple. Notably, he expressed interest in collaborating with RLUSD, Ripple’s upcoming stablecoin, although details remain scarce. Hoskinson’s extensive blockchain expertise could prove valuable as Ripple develops new financial products.

Garlinghouse’s Response: A Call for Unity

Brad Garlinghouse responded positively, underscoring the importance of a united front within the cryptocurrency industry. “A rising tide lifts all boats,” he commented, advocating for collaboration to ensure equitable growth across the sector.

Impact on ADA and XRP Prices

The timing of this rapprochement coincides with strong performance for both ADA and XRP. XRP has surged by 32.87% in the past week to $0.7062, while ADA has risen 56.31%, reaching $0.5587. As the two projects explore cooperation, improved relations could bolster each ecosystem’s growth through interoperability, liquidity sharing, or joint initiatives.

Hoskinson’s recent remarks mark a hopeful step forward for the industry, with many anticipating further cooperation between Cardano and Ripple in the coming months.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Cardano’s Hoskinson Praises Ripple’s Garlinghouse, Signaling Possible Collaboration
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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