sounds like you’re referencing a quote that involves discussions between

Avinash Puri
3 Min Read

Cardano’s founder and Ripple’s team, particularly David Schwartz and Brad Garlinghouse. If you would like, I can expand on this statement and provide a broader context, discussing the potential negotiations, the involvement of Ripple, and the status of regulatory discussions like the NYDFS (New York Department of Financial Services).

Here’s an expanded version of the idea:


In a recent interview, the founder of Cardano shared insights into ongoing talks with Ripple’s key figures, David Schwartz and Brad Garlinghouse. According to the founder, these discussions have yielded promising developments, with a strong possibility of reaching an agreement on the highly anticipated RLUSD (Ripple’s Licensed USD). This new venture has the potential to reshape the financial landscape, especially in terms of cross-border payments and the broader cryptocurrency ecosystem.

The Cardano founder emphasized that Ripple had informed them to wait until March for further updates on the situation. This delay stems from Ripple’s recent completion of its dealings with the New York Department of Financial Services (NYDFS), a regulatory body responsible for overseeing cryptocurrency activities in the state of New York. The completion of these regulatory steps marks an important milestone for Ripple, as it aims to maintain compliance while expanding its presence within the financial sector.

The Cardano founder explained that while the waiting period might feel long, the outcome could have significant implications. Ripple’s efforts with the NYDFS, which include gaining the necessary approvals and establishing clear guidelines for operation, are critical for future collaborations and the adoption of blockchain-based financial solutions. By working closely with regulators, Ripple aims to position itself as a compliant, transparent, and secure player within the global financial ecosystem.

At the same time, there is a great deal of anticipation regarding the roadmap that Ripple will present in the coming months. The Cardano founder speculated that if Ripple can successfully navigate these regulatory hurdles, they would likely unveil a clear strategic plan for the implementation of RLUSD and other related projects. This roadmap would offer critical insight into how Ripple plans to scale its operations, introduce new offerings, and align with broader industry trends.

For now, the discussions between Cardano and Ripple remain ongoing, with both parties carefully watching developments in regulatory frameworks and market conditions. While specifics about the RLUSD project are yet to be fully disclosed, the collaboration between these two blockchain leaders is expected to bring about a new wave of innovation within the crypto and financial services industries.

As March approaches, many in the blockchain community will be closely monitoring how Ripple’s engagement with the NYDFS and their subsequent roadmap could shape the future of digital finance. If successful, this partnership could lead to groundbreaking advancements in decentralized finance (DeFi), cross-border payments, and the broader acceptance of cryptocurrencies.


 

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