Charles Hoskinson Reveals Exciting Plans for Lace Wallet’s XRP Functionality

Charles Hoskinson, the founder of the Cardano $0.728763 platform, announced plans to integrate XRP functionality into the Web3 non-custodial wallet, Lace. In a recent “Surprise AMA” session, it was disclosed that the wallet will soon support sending, receiving, and storing XRP. This move aligns with the platform’s objectives to provide multi-chain support through ongoing updates.

Platform Updates

Initially designed to support only Cardano’s native assets, the Lace wallet has evolved through various updates. Since its launch, the application has introduced innovations like Bitcoin $94,761 support, enabling users to manage a diverse range of blockchain assets on a single platform.

XRP Integration and Token Distribution

With the new announcement, the wallet is expected to soon accommodate XRP. This development is viewed as part of the platform’s goal to reach different blockchain communities globally, extending beyond its current assets. Additionally, the wallet aims to consolidate various assets under one roof while maintaining security and ease of use.

Charles Hoskinson: “I can confirm that users will be able to transact with XRP integrated into the Lace wallet.”

Hoskinson has not provided a definitive date for the integration, but he emphasized that this feature will be a significant update for the platform. His comments highlight that the update strategy aims to enhance user experience.

During the same session, it was announced that XRP holders will be included in the upcoming NIGHT token distribution program. The project aims to reach a total of 37 million users. This token distribution strategy seeks to increase interaction between different blockchain communities and boost interest in the platform.

The updates are executed in line with Lace wallet’s transition to multi-chain capabilities. While maintaining security standards, the focus is also on user-friendliness, allowing for the aggregation of various assets in one space.

These developments are seen as a part of the platform’s strategy to enhance its competitive edge. Updates that make asset management more practical and secure reflect efforts to adapt to technological advancements. The announced innovations are expected to offer greater diversity and integration opportunities on the platform in the future.