Cardano’s Charles Hoskinson has unveiled plans to bring DeFi to Bitcoin in 2025. In two to three years, he believes that a Bitcoin DeFi ecosystem will eclipse other DeFi markets.
He is also looking to launch a historic partnership with Ripple, which could see the RLUSD stablecoin come to the Cardano network. Many of these integrations could fuel the next bullish wave for ADA but Remittix (RTX) is the one that’s caught investors’ attention, with financial experts already describing RTX as the “new XRP.”
One of the biggest untapped markets in all of crypto is DeFi on Bitcoin. Despite many of the early attempts not achieving its full potential, Cardano (ADA) founder, Charles Hoskinson, announced plans to bring DeFi to Bitcoin next year.
Hoskinson says Bitcoin DeFi space is a “sleeping giant” and he believes it has a huge untapped potential. He believes that the DeFi on Bitcoin could overtake that of other top DeFi projects in 2-3 years. He announced that IOG will begin focusing on this ambitious plan, starting with a demo around May 2025.
Hoskinson adds that IOG will collaborate with Fair Gate Labs and other top ecosystem players, to attempt to unlock the potential Bitcoin DeFi market.
In a live video, Hoskinson has also hinted at the possibility of a Ripple partnership. He suggested that the Midnight sidechain, focused on privacy, could include XRP. Ripple’s RLUSD stablecoin was also discussed as a possible inclusion into Cardano’s ecosystem.
Hoskinson said Ripple’s RLUSD stablecoin can be used in many ways in the Cardano ecosystem. Ripple CTO David Schwartz and the company’s CEO Brad Grillinghouse are people Hoskinson said he had been talking to.
These are major events to look forward to, leading crypto analysts to hold optimistic views about the Cardano coin. While ADA has struggled on the monthly chart, dropping by more than 25% per CoinMarketCap, the likes of Yesreel believe that the Cardano price could rise from $0.80 to hit $4 in this bull cycle.
While ADA has established its place among the top crypto coins, investors have been pivoting to Remittix (RTX), which they have named the “new XRP.” Remittix shares some semblance to Ripple, operating in the $190 trillion cross-border payment market, but has more advanced features.
Remittix is changing the way you send money, creating the perfect bridge between crypto and conventional payment methods. On Remittix, you can receive over 50+ fiat currencies and instantly convert them into fiat. When you convert your crypto into fiat on Remittix, you can pay them into your bank account and expect to receive them on the same day.
Remittix supports 30+ fiat currencies, giving the DeFi project a wider range than the likes of Wise and Stripe. Remittix also offers flat fees without extra charges for FX and wire transactions. Being secured with the best encryption techniques, and taking advantage of thorough code reviews from BlockSAFU, the smart contracts created on Remittix get the best protection of user assets and data.
Because of these features, Remittix has been predicted to replace Ripple, making RTX one of the best cryptos to buy now. RTX has increased from $0.015 to $0.0167 in presale while raising over $816k in just a few days.
The plans unveiled by Hoskinson put the Cardano network and ADA in a great position to record huge increases. However, Remittix is not just newer but is also entering a much bigger market. With the growth rate of the platform, RTX could peak above $1 before ADA hits $4.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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