Cardano founder hints at Ripple partnership that could impact crypto
The CEOs of two major cryptocurrencies are exploring a cooperation. If it goes ahead, it could set an example and lead to more crypto partnerships, exciting the crypto community.
Cardano creator Charles Hoskinson and Ripple CEO Brad Garlinghouse were both pioneers in cryptocurrencies. Despite calls for the unification of the bitcoin platform, the two CEOs may be laying the groundwork for future collaboration.
Reports indicated that the two major industry players have begun negotiations for a decentralized platform partnership, which some saw as a major milestone for the industry.
Hoskinson and Garlinghouse revealed that they are discussing cryptocurrency industry unity, hinting at a possible merger between their crypto platforms, giving the industry hope for the future.
The inventor of Cardano has said he is hopeful about the future of his crypto platforms, hinting that the two leaders may combine their crypto ecosystems.
In the talk, Garlinghouse stressed the need for “collective action” among cryptocurrency players to push for clearer laws and a “level playing field.”
Ripple CEO says “clear rules” in the cryptocurrency market will provide digital assets and businesses with equal opportunities.
He said: “A rising tide lifts all boats.” The unity of the cryptocurrency industry will help the entire area.
Hoskinson and Garlinghouse's call for unity comes at the right time as regulators are putting pressure on the cryptocurrency industry, which some experts believe is holding back its growth.
For example, some American corporations are undergoing regulatory investigation.
Since the state SEC began regulating digital currencies in 2018, Garlinghouse has accused it of “picking winners and losers” in the field.
He said the SEC's move created an "uneven playing field" that could inhibit cryptocurrency innovation in the United States.
The executive has therefore advocated for openness and fair regulations to help the business expand and evolve, stating that a collaborative approach is essential.