Charles Hoskinson, the founder of Cardano, has announced support for Bitcoin in the Lace wallet, marking an important step for the Cardano ecosystem.
Bitcoin Integration in Lace
Charles Hoskinson shared that users can now use Bitcoin with the Lace wallet. This information was revealed in an update on X. Hoskinson welcomed Bitcoin with the message: 'You can now use Bitcoin with Lace. Welcome home, Bitcoin.'
Expanding Wallet Capabilities
The Lace wallet, developed by IOHK, has been updated to version 1.22, introducing beta support for Bitcoin. This allows users to store and manage their BTC directly in the Lace wallet. This move is seen as crucial for the ongoing development of the Cardano blockchain, as welcoming Bitcoin into the Lace ecosystem symbolizes the acceptance of the leading digital asset.
Market Optimism for ADA
Recently, Hoskinson also shared positive news for the Cardano community, stating that the original scaling roadmap for the platform has been completed. This has sparked optimism among users that the price of the ADA token may rise. At the time of publication, ADA was trading at $0.7030, a 0.64% increase over the last 24 hours.
The integration of Bitcoin into the Lace wallet is a significant step in expanding Cardano's capabilities and may positively impact the ADA market. Further development of the platform is expected to enhance its growth and attractiveness among users.
