Charles Hoskinson, the founder of Cardano, and David Schwartz, the Chief Technology Officer of Ripple, have unveiled details about a potential collaboration between their respective blockchain platforms. The partnership aims to integrate Cardano’s advanced decentralized finance (DeFi) capabilities with Ripple’s extensive liquidity network, potentially bridging two of the industry’s most prominent ecosystems.

Potential Cardano And Ripple Partnership Details

During the AMA on Saturday night, Hoskinson was asked about the extent of cooperation between Cardano and XRP. He highlighted the mutual benefits such a partnership could offer, expressing that Cardano could “add amazing DeFi components to XRP,” while XRP could contribute significant liquidity, a “wonderful stablecoin layer” and bridges to the Cardano ecosystem.

Hoskinson also mentioned the potential of integrating Cardano’s privacy-focused sidechain, Midnight, with XRP, stating, “It would be super cool to see if there’s a path to get Midnight working with XRP.”

He revealed ongoing communications with David Schwartz, noting that their teams are in discussions and that he’ll meet with Schwartz. “So we’re meeting with David Schwarz here in a little bit. I’ve been texting him back and forth, his people are talking my people. I sent him over some of our papers as well as the code for midnight and we’ll see,” Hoskinson remarked.

Confirming the meeting, Hoskinson posted on X on Monday, November 18: “It was great talking to David Schwartz about Midnight and XRP. Wonderful technical conversation.” David Schwartz responded positively, saying: “It was a pleasure talking to you. Midnight sounds extremely interesting.”

Midnight is Cardano’s upcoming sidechain designed to enhance data protection and privacy through advanced cryptographic techniques, including zero-knowledge

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Author: Jake Simmons

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