XRP Integration Into Cardano's Lace Wallet Will Bridge the Gap Between the Two Ecosystems

Cardano Founder Charles Hoskinson confirmed the integration of XRP in a surprise AMA earlier this week.

Cardano users will soon be able to access XRP in the ecosystem’s flagship Lace Wallet to bridge the gap between both ecosystems.

Cardano Founder Confirms XRP Integration in Lace Wallet

Confirming the integration of XRP in a surprise AMA earlier this week, Cardano Founder Charles Hoskinson also announced that XRP holders will be able to participate in the Midnight Network airdrop.

"We're still in the process of integrating other coins. We've done Bitcoin, and we're working on XRP, Chainlink, and a few others to get more coins into Lace," said Hoskinson.

This development comes as both ecosystems, which were once top rivals, shift towards collaboration.

Earlier this year, Lace integrated Bitcoin, setting XRP as one of the few mainstream assets on track to be deployed onchain.

Despite the big reveal during the AMA Session, Charles Hoskinson did not reveal the exact timeline for the wallet to complete the XRP integration.

The light wallet is exclusive to the ADA ecosystem. However, it launched a multichain push earlier this year.

The light wallet is exclusive to the ADA ecosystem. However, it launched a multichain push earlier this year.

Cardano Midnight Network Airdrop

Another major news item fueling optimism in the ecosystem is tied to the Midnight Network.

According to Charles Hoskinson, XRP holders will also gain access to participate in the Midnight Network airdrop to hold NIGHT.

As revealed earlier, the new protocol aims to hold NIGHT.

Charles Hoskinson and his team have been developing the Midnight Network for over a year. The developers consider the protocol the next major innovation to drive the ethos of decentralization while staying compliant.

According to its design, the protocol has two unique tokens, NIGHT and DUST. While NIGHT is the governance token, DUST helps guarantee anonymous transitions.

The latest update from the Cadano Founder shows that as many as 37 million users will benefit from this airdrop. Notably, XRP is one of the eight chains that will participate.

This airdrop is one of the many ways the protocol is rolling out to add value to users. Earlier in February, Midnight tapped OpenZeppelin for DeFi. The partnership will see both protocols develop smart contracts that can drive the adoption of DeFi.