Speaking during a panel at Paris Blockchain Week, Frederik Gregaard, CEO of the Cardano Foundation, emphasized ADA’s role in strengthening authentication and security within traditional banking systems.
Gregaard explained that banks currently rely on the Legal Entity Identifier (LEI) to ensure secure identification and verification. He noted that Cardano (ADA) is uniquely positioned to support this function on blockchain infrastructure, while also incorporating certain architectural principles inspired by Bitcoin. According to him, ADA has the potential to bridge established financial standards with blockchain technology.
Addressing future developments, Gregaard highlighted ongoing efforts to integrate Bitcoin capabilities into Cardano. He mentioned the possibility of enabling programmable DeFi using BTC, where satoshis could be utilized as native transaction fees. This approach, he said, would allow users to benefit from programmability without moving away from the Bitcoin ecosystem, unlocking new opportunities.
He further added that Bitcoin’s strengths—particularly its UTXO model and robust architecture—have influenced Cardano’s design. In his view, the two networks complement each other effectively and can work in synergy.