Lace Wallet to Integrate XRP, Founder Confirms

Cardano co-founder has disclosed that crypto users could soon hold, send, and receive XRP tokens in their non-custodial blockchain wallet, Lace.
XRP users would also participate in the Midnight airdrop, which is expected to include 37 million users, underscoring the improved relationship between Cardano’s Charles Hoskinson and the Ripple community.

Cardano (ADA) co-founder Charles Hoskinson has confirmed a strategic partnership that would soon enable the integration of XRP into its Web3 non-custodial blockchain wallet known as Lace. According to the news disclosed in an AMA session on YouTube, this would enable users to hold, send, and receive XRP tokens without stress.

Over the past few months, speculations surrounding a potential partnership between Ripple and Cardano have been gaining ground.

Hoskinson recently disclosed having held an extensive discussion with Ripple boss Brad Garlinghouse and CTO David Schwartz. However, that deliberation stressed integrating Ripple’s stablecoin RLUSD into Cardano’s privacy-focused layer, Midnight. Not just that, Hoskinson also hinted at integrating XRP as a native token of the Midnight alongside NIGHT and DUST.

For Lace, the IOG launched it in 2023 on the Cardano mainnet as one of the most innovative and secure wallets in the ecosystem. At that time, it only supported ADA. Fascinatingly, several upgrades have been done to transform it into a multi-chain wallet, supporting Bitcoin as well. Speaking on the potential addition of other tokens, including XRP, the GM at Lace, Brandon Wolf, highlighted that “this is just the beginning.”

The future of blockchain is multichain, and with Lace, we’re making sure users have everything they need in one powerful, easy-to-use wallet. Building on the foundations we have established with Cardano, we identified Bitcoin as the logical next step. And we’re just getting started.

Hoskinson Makes More Disclosure, XRP Reacts

At the AMA session, Hoskinson made another disclosure, claiming XRP users would be able to participate in an upcoming airdrop for the Midnight token, NIGHT.

Previously, Hoskinson disclosed that Night tokens would be airdropped to 37 million users across eight blockchains. As recently indicated in our blog post, these chains include “Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple’s XRP, Solana (SOL), Avalanche (AVAX), Polygon (POL), and Binance Smart Chain.”

Proving that his relationship with the XRP community has significantly improved, the Cardano co-founder confirmed that he has received an invite from Schwartz to speak at a Ripple event. However, details were not provided to that effect.

Just recently, Ripple posted a promotional video on X, sparking speculations on a possible partnership with Cardano. As previously highlighted in our report, a user identified as Dennis Walker hinted that this could be a strategic move for both Ripple and Cardano to align themselves with the real-world asset trend.

Currently, the price of XRP has surged by 1.24% in the last 24 hours and 5% in the last seven days to trade at $2.1. According to our recent analysis, the asset has the potential to hit $15 in the near term.

Similarly, the Price of ADA has also surged by 16% in the last seven days to trade at $0.71.