Charles Hoskinson, founder of Cardano, has publicly recognized XRP’s leadership and community in an unexpected endorsement. In a recent post on X, formerly known as Twitter, Hoskinson highlighted XRP’s genuine user base, defined leadership, and focused purpose. This acknowledgment is noteworthy, given past tensions between Hoskinson and the XRP community.
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Hoskinson Highlights XRP’s Credibility and Purpose
Hoskinson emphasized that XRP boasts an active and credible community, which he views as essential for long-term success. He also pointed out that the project is well positioned within the context of digital assets because of the strong leadership of the XRP team. Another area that received Hoskinson’s appreciation was the problem-oriented approach of XRP and its function as a currency that enables cross-border payments and other financial services.
Interestingly, Hoskinson took the time to draw a parallel between XRP leadership and other troublesome characters in the crypto world. He explained that the founders of XRP have not been involved in fraud or an arrest warrant, an “Interpol red notice warrant.” Erik sarcastically pointed out that this comment is a subtle dig at Richard Schuele, the founder of Hex and PulseChain, who has legal issues. Schuele is in the middle of an embezzlement probe, and the allegations against him include spending $12 million of users’ money on apparel. He is currently on Interpol’s most wanted list over the misuse of funds after the U.S. SEC charged him with fraud in 2023.
Hoskinson’s comments suggest a clear distinction between XRP and more contentious projects like Hex and PulseChain, emphasizing the credibility of XRP’s leadership.
Renewed Collaboration Between Hoskinson and XRP Community
Some of Hoskinson’s recent comments about XRP are positive, a change in contrast to constant misalignment with the XRP community. The first signs of hostility appeared in mid-2018 after the XRP issuer accused Ethereum’s organizers of helping the SEC launch a lawsuit against Ripple in 2020. However, Hoskinson said this during a live stream in November, where he offered an apology for the slight. Hoskinson further demonstrated his readiness to build and jointly develop new opportunities through recent discussions with Ripple’s leadership team, including Brad Garlinghouse and David Schwartz.
Conclusion
Charles Hoskinson’s endorsement of XRP underscores the project’s credibility, strong leadership, and engaged community. His acknowledgment represents a step toward reconciliation and signals potential collaboration opportunities between Cardano and Ripple. XRP’s distinct identity in cryptocurrency continues to attract recognition and support.
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