Cardano founder Charles Hoskinson praises XRP
Charles Hoskinson changed his mind about the project
Charles Hoskinson, the founder of Cardano, has commended the XRP project, highlighting its strong leadership, dedicated community, and clear purpose. In a post on the social platform X, Hoskinson contrasted XRP with other cryptocurrency projects, drawing attention to their challenges.
Hoskinson praised XRP’s leadership and community for their integrity and the absence of scandals that have marred other projects. In his comments, he criticized Richard Schuele, the creator of Hex and PulseChain, who faces allegations of fraud and misappropriation of $12 million in user funds and is currently on Interpol’s wanted list.
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Rebuilding bridges with XRP
Hoskinson’s support signals a shift in his relationship with the XRP community. Their interactions had previously been strained due to disagreements over Ripple’s legal battles.
Recently, Hoskinson issued a public apology and proposed potential collaboration between Cardano and Ripple, including utilizing Cardano’s ecosystem for issuing Ripple’s RLUSD stablecoin and exploring joint projects like the private sidechain platform Midnight.
Earlier, Ripple CEO Brad Garlinghouse announced that the company now holds XRP tokens worth over $100 billion, significantly influencing its valuation.
