XRP to be Supported on Cardano’s Lace Wallet – Big Benefits for Users
In a thrilling news for crypto fans, Cardano founder Charles Hoskinson has announced that Lace Wallet will shortly be adding XRP to its list of supported assets. This was announced during a recent Ask Me Anything (AMA) session where Hoskinson announced that the Cardano ecosystem's leading wallet, created by Input Output Global (IOG), is going to broaden its functionality.
Originally intended to host only Cardano-based assets, Lace Wallet has already added support for Bitcoin. With XRP integration coming next, Lace is quickly becoming a genuinely multichain wallet. In the near future, users will be able to store, send, and receive XRP, ADA, and BTC within one interface. Although no launch date has been confirmed, the update indicates Cardano's drive towards greater blockchain interoperability.
XRP-Lace Wallet Integration: What's at Stake
Two significant effects will be derived from this integration:
Improved Accessibility for XRP Holders:
- XRP holders will not require an isolated wallet for their tokens. Having Cardano, Bitcoin, and XRP in one place will provide greater convenience and ease.
Enhanced Cardano Multichain Ecosystem:
- Extension of Lace Wallet's functionality beyond ADA makes Cardano more prominent in the multichain environment. This development might bring in more users and fuel network adoption by providing a smooth cross-chain experience.
This follows shortly after the launch of the Leios Upgrade by Cardano to enhance blockchain scalability and efficiency.
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Extra Bonus for XRP Holders: Midnight Airdrop
In another major reveal, Hoskinson announced that XRP holders would be eligible for the upcoming Midnight blockchain Airdrop. Midnight is Cardano’s new privacy-focused network, featuring the NIGHT token for governance and DUST token for private transactions. The NIGHT airdrop will reach 37 million users, including holders of Bitcoin, Ethereum, Solana, Polygon, Binance Smart Chain, Avalanche, and XRP Ledger assets.
This airdrop provides added value for users of XRP who use the Lace Wallet, providing a significant incentive for onboarding into the Cardano platform.
???? Conclusion
The inclusion of XRP in Lace Wallet is a milestone for Cardano as it adopts multichain capability. XRP holders will not only benefit from the convenience but also the soon-to-be-released Midnight airdrop. With thoughtful updates such as Leios and increasing cross-chain compatibility, Cardano is establishing itself as one of the most forward-thinking blockchain networks in 2025.
