Cardano Founder Validates XRP Community, Here's Why

Cardano's Charles Hoskinson issues fresh friendly comment on XRP.

The XRP community has received an unlikely endorsement for its leadership and strength. In an X post, Charles Hoskinson, Cardano founder, emphasized that XRP has a real community and defined leadership. He also lauded their purpose-driven approach.

Hoskinson acknowledges XRP's community and leadership 

Hoskinson acknowledges that XRP has a genuine user base with an active community supporting the project.

Additionally, he said the XRP team is credible, which is critical for its long-term success. Hoskinson’s reference to XRP’s purpose implies the token’s utility in facilitating cross-border payments and other financial services.

The Cardano founder’s comments about his XRP counterparts were significant. "…And its founders aren't on an Interpol red notice," he wrote.

Hoskinson emphasized that XRP founders were not involved in fraud allegations, necessitating placing them on an "Interpol red notice."

This contrasts with an earlier post where he proclaimed his intolerance of a specific project as it is "divorced from reality."

Notably, Hoskinson was taking a subtle jab at Richard Schuele, popularly known as Richard Heart, the creator of Hex and PulseChain. Schuele is facing legal issues with the authorities over his dealings with users’ funds.

Last month, Interpol placed Schuele on red notice over fund misappropriation. He allegedly misused $12 million on luxury goods. This follows an earlier indictment by the U.S. Securities and Exchange Commission (SEC) for fraud and violating federal securities law in 2023.

Bridging differences with XRP community 

Hence, the Cardano founder’s comments clarify why he thinks XRP is distinct from such projects as Hex or PulseChain.

Interestingly, in the past, Hoskinson did not see eye-to-eye with the XRP community and the Ripple team. Their disagreement stems from accusations the Ethereum team played a role in influencing the SEC to go after Ripple in 2020 in a lawsuit.

However, Hoskinson, in an apology via a live stream in November, reconciled with the XRP community. He has even gone a step further to discuss with Ripple executives, including Brad Garlinghouse and David Schwartz, on potential partnerships.

About the author Godfrey Benjamin Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.