There is always something new in the world of cryptocurrency and recently its founder for Cardano Charles Hoskinson hints for something special Thi and now a statement by Charles Hoskinson has come out, in which he has said that they are planning to implement RLUSD (Ripple-Subsidized UsD) for Cardano. Hoskinson shared this information in an AMA session, in which he said that he is talking with Ripple’s repressant Brad Garlinghouse and David Schwartz. However, he also stated that Ripple’s team has asked him to wait by March, as Ripple is busy completing his work with the New York Department of Financial Services (NYDFS).
Charles Hoskinson talks with Ripple
Charles Hoskinson reported that their contacts with Ripple show their possibilities about RLUSD and it can be an important step, which can strengthen the cardano ecosystem. According to Hoskinson, Ripple’s team has told them that they will have to wait by March, as they are busy completing their tasks with NYDFS. This planning indicates that, collabing between Cardano and Ripple can be more strong, which can prove to be profitable for both projects.
Apart from this, Hoskinson also mentioned that Cardano’s performance has been better than expected despite the decline in the market. Although, Cardano wort In 24 hours, 19% has fallen and 23% in a week, but he said that big cryptocurrency such as Dogecoin, Solana and Binance Coin (BNB) have seen even more decline. He believes that despite the movement in the market, Cardano’s future can go in positive direction.
Charles Hoskinson did Future Prediction for Blockchain
Charles Hoskinson has predicted that Blockchain Era will play an important role in government structure in the coming years. He said that in the next five years, the use of Blockchain Era in voting, shopping and identity management may increase. He believes that cryptocurrency and blockchain can be used by the government to make social and finical systems more effective and safe.
Charles Hoskinson also said that the American government in Future can create a Bitcoin Reserve and Cardano can play a major role to give it backing. This step can be especially important for decentralized finance (Defi), which can be a new finicheable model for the government. This can lead to even more strong the condition of the cardano.
Conclusion
Charles Hoskinson’s approach cardano and Blockchain Era’s future are quite incarnated. Potential partnerships with Ripple with RIPPLE can bring innovation cardano to a strong position such as decentralized finance for government in future. However, despite the market fluctuations, Hoskinson’s trust and long-term approach can make Cardano a stable and progressive crypto project.
Also read:Memefi Day by Day Codes for November 15, Aron Virtual Coin
