Cardano Creator Praises Ripple CTO and Highlights Bright Future for XRP and ADA

Charles Hoskinson, CEO of Input Output Global (IOG) and the figurehead behind Cardano (ADA), recently commended Ripple and its Chief Technology Officer, David Schwartz, in a statement that has gained significant attention from the cryptocurrency community.

Speaking in a video shared by pseudonymous crypto pundit Angry Crypto Show (@angrycryptoshow) on X, Hoskinson highlighted the resilience of Ripple, its cryptocurrency XRP, and its potential for the future.

Hoskinson Praises Schwartz

Hoskinson referred to Schwartz as “brilliant” and described him as a passionate and intelligent individual, adding, “It’s a lot of fun being in meetings with him.” He emphasized the challenges Ripple has faced over the years, including exclusion, delistings, and its legal battle with the U.S. Securities and Exchange Commission (SEC). Despite these hurdles, Hoskinson noted, “They’re still around, they’re still here, they’re still resilient, and they’ve got a bright future because of it.”

Ripple has been embroiled in a high-profile legal dispute with the SEC since 2020. After years of litigation and multiple victories by Ripple over the SEC, the judge gave the final ruling on August 7.

However, the SEC refused to take its losses and filed a notice of appeal in early October, halting the momentum XRP was building. This did not deter XRP or its community, and Ripple continued to fight, refusing to back down from the SEC’s anti-crypto war.

Hoskinson acknowledged these struggles and expressed optimism for XRP’s future, stating that its resilience has paved the way for brighter prospects. He further connected XRP’s journey to Bitcoin and Cardano’s, suggesting that all three cryptocurrencies share a similar ethos in overcoming challenges to secure their place in the market.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Hoskinson’s Renewed Relationship With the XRP Army

This statement marks a notable shift in Hoskinson’s stance toward Ripple and XRP. Previously, he had been at odds with the XRP community. However, Hoskinson recently settled his differences with the XRP community, expressing a willingness to collaborate with Ripple on RLUSD, the company’s recently launched stablecoin.

Cardano and Ripple share certain parallels in their focus on financial inclusion and innovative use cases for blockchain technology.

Hoskinson’s recognition of Ripple’s resilience and Schwartz’s brilliance reflects a maturing cryptocurrency industry where leading figures increasingly emphasize collaboration and shared growth.

With fences now mended, Hoskinson can collaborate with Ripple to advance blockchain technology and improve cryptocurrency adoption.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on Twitter, Facebook, Telegram, and Google News