- Lace wallet users will soon be able to manage XRP, confirming Cardano’s push for wider cross-chain interoperability.
- Recent updates brought Bitcoin testnet support and multi-account functionality to the Lace wallet, expanding its asset management scope.
- Charles Hoskinson’s evolving stance toward Ripple paves the way for increased Cardano-Ripple collaboration through token and stablecoin integration.
During a recent AMA session, Cardano co-founder Charles Hoskinson confirmed that XRP support will soon be added to Lace, the light wallet developed by Input Output. This marks a significant update as Lace continues to evolve its multi-chain capabilities. The move follows earlier efforts to expand beyond native Cardano assets.
Launched on the Cardano mainnet in April 2023, Lace began as a lightweight wallet focused on ADA staking. Over the past year, it has introduced new features, including improved hardware wallet compatibility and enhanced dApp connectivity. In June 2024, Lace added multi-wallet and multi-account functionalities, broadening its user utility.
Bitcoin Support Rolled Out in April
In a step toward supporting more assets, Lace added Bitcoin testnet support in April 2024. With the release of version 1.22, users were able to store and manage Bitcoin holdings on a test network. This set the stage for introducing Bitcoin-based DeFi features through Cardano’s blockchain ecosystem.
At the same time, Lace set up an extension for Firefox, thus allowing more users to use it. Now, users can make a wallet, stake their ADA, and enjoy dApps all from Cardano’s extension for the leading browser. The goal of this update is to improve how convenient and accessible Cardano becomes for most people.
Hoskinson’s position on Ripple has changed.
Hoskinson’s message came after he changed how he views Ripple and the XRP token. While he had clashes with some members of the XRP community before, he now backs Ripple Labs and what they are doing with stablecoins. In December, he showed his support for the Ripple USD (RLUSD) token and talked about his plans to add it to Cardano.
The confirmation of XRP integration underscores Lace’s transition into a broader multi-chain wallet solution. By including major assets like Bitcoin and now XRP, the wallet is becoming a central hub for cross-chain DeFi activity. With continued development and added browser support, Lace is positioning itself as a leading wallet in the evolving crypto infrastructure.
