Cardano users will soon be able to store, send, and receive XRP using the Lace Wallet, a feature-packed native wallet for Cardano. This was announced during an unexpected “Ask Me Anything” session with Cardano founder Charles Hoskinson, who shared details about adding XRP support to the Lace Wallet. What’s New for Cardano Users? Notably, Cardano is working to improve its tools for users by allowing them to use multiple blockchains easily. According to Hoskinson, the Input Output Global (IOG) team also intends to integrate XRP features into Lace Wallet. This will let XRP holders store their assets safely on Lace and make transactions without relying on other apps. Lace, introduced by IOG as a lightweight Web3 wallet, has become popular because it is easy to use and supports Cardano-native assets and staking. The upcoming XRP addition is a significant development, showing that Cardano is open to including assets from other major blockchain networks. Although no specific timeline was given for the XRP rollout support, the Cardano community anticipates with enthusiasm. Meanwhile, experts believe supporting XRP could lead to new partnerships. Lace: A New Era for ADA Wallets Speaking on December 24, 2024, Hoskinson praised Lace’s growing popularity. He noted that its smooth transition from Nami, one of Cardano’s most-used wallets , has fueled its adoption. Nami, with over 200,000 users, has been central to Cardano’s network. Backed by Cardano’s primary developers, Input Output, Lace aims to transform how users engage with the blockchain. When Inout Output acquired Nami in 2023, it laid the groundwork for innovation. More than just a wallet, Lace serves as a gateway to Cardano . Designed for simplicity, it aims to attract millions of users. Currently, Lace exists as a browser extension for platforms like Chrome and Brave, but a mobile app is on the horizon. This future accessibility could be the key to Cardano’s broader adoption. New Digital Identity Platform Emerges Some weeks ago, the Cardano Foundation created Veridian , which enables people and businesses to control their online identities. Instead of centralized systems that store personal data, Veridian uses blockchain technology to keep identities safe and private. Veridian also adds an extra layer of security to Cardano’s blockchain, helping to make Cardano a top choice for secure digital securities. Alongside the platform, the foundation also launched the Veridian Wallet, which helps users manage their credentials, private keys, and digital identifiers. This move strengthens Cardano’s position in the growing world of decentralized identity solutions. The post Cardano’s Lace Wallet to Support XRP, Says Charles Hoskinson appeared first on TheCoinrise.com .
