Back

Cardano's Charles Hoskinson Discusses Collaboration with XRP for DeFi Infrastructure

The Cardano founder hints at potential collaboration with Ripple’s CEO, suggesting Cardano as a DeFi layer for Bitcoin and XRP.

BTC
XRP
ADA

Summary

Charles Hoskinson, founder of Cardano, recently opened the door to collaboration with Ripple, discussing Cardano's potential as a DeFi infrastructure for Bitcoin and XRP. He emphasized the importance of collaboration in the future of decentralized finance, particularly given XRP's lack of native smart contracts.

Terms & Concepts
  • DeFi: Decentralized Finance refers to financial services built on blockchain technology, aiming to replace traditional financial intermediaries like banks and exchanges.
  • Smart Contracts: Self-executing contracts with the terms of the agreement directly written into lines of code, often used in blockchain systems to automate transactions.