During a recent ask-me-anything (AMA) session, Cardano co-founder Charles Hoskinson confirmed that XRP support would soon be coming to Input Output’s Lace wallet.
The light wallet, which was developed by one of the main entities behind the Cardano blockchain, entered pubic mainnet back in April 2023. It allowed users to stake ADA directly from the wallet.
Subsequent updates introduced various new features such as enhanced connectivity for decentralized applications and hardware integrations. In June 2024, Lace enabled multi-wallet and multi-account support.
As reported by U.Today, the team behind Lace announced that the wallet was going multi-chain, enabling support for Bitcoin in April. With the release of Lace 1.22, users gained the ability to store and manage their Bitcoin holdings on a test network. The new feature also prepared the ground for the introduction of Bitcoin-based decentralized finance (DeFi) on Cardano.
Last month, as reported by U.Today, Lace also went live on Firefox, one of the most popular browsers in the world. Its Firefox extension supports creating wallets, staking, and decentralized finance (dApp) connectivity.
Hoskinson’s XRP U-turn
After feuding with members of the XRP community in the past, Hoskinson has become supportive of the token as well as Ripple Labs.
Last December, he praised the Ripple USD (RLUSD) stablecoin while also stating that he was working on bringing the token to Cardano.
Recently, he also endorsed the idea of Ripple acquiring stablecoin firm Ripple Labs.
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