Cardano's founder Hoskinson wants Facebook and Tinder on blockchain to onboard billions of users

Charles Hoskinson, a co-founder of Cardano, hopes to expand blockchain technology beyond the financial industry and into commonplace applications, potentially reaching billions of users on Facebook and Tinder.

Hoskinson said at the Consensus Hong Kong 2026 that dating apps could use blockchain to help users verify personal details like their salary, location, and height. By verifying that profile pictures are authentic, the technology may also lessen the prevalence of catfishing and phony accounts.

By integrating it into routine digital experiences, Hoskinson hopes to increase the transparency and reliability of online interactions.

Vision extends beyond financial applications

“I want to get to a point where video games are on it, a point where Facebook and other things run on this infrastructure,” Hoskinson said at the event. “That’s what’s going to bring 2-3 billion people in and that’s what’s going to change everything.”

Building on this goal, Hoskinson criticizes the industry’s current direction, pushing for a more user-friendly approach.

The co-founder of Cardano feels that financial goods have received too much attention in the blockchain industry. He wants consumers to have seamless experiences without having to know how the technology works.

“I don’t have to care how electricity works. I just flip the switch and magically it works,” he said, comparing it to electricity. “We have got to do that as an industry and stop ‘overfinancializing’ everything.”

Such a shift toward invisible, everyday utility becomes especially relevant given the ongoing challenges users face on traditional platforms.

His comments align with growing concerns about social media fraud and privacy. Data misuse on centralized platforms and catfishing could be addressed by blockchain technology.

Hoskinson also highlighted another key upcoming development in Cardano’s ecosystem that supports privacy for mainstream users.

Hoskinson discussed Cardano’s planned Midnight partner chain debut in late March. With this privacy-focused functionality, users of existing privacy currencies like Monero or Zcash will not be targeted.

“You don’t try to get anybody from Monero or ZCash over,” he said. Through practical applications, the team plans to focus on everyday users.

Despite the excitement created by these long-term goals, Cardano’s native coin, ADA, has seen short-term volatility.

The ADA token performs inconsistently

Over the past few days in mid-February 2026, price movements have reflected this ongoing uncertainty.

Since mid-February 2026, Cardano’s ADA token has been acting strangely. Its closing price on February 16 was $0.285681, which was less than $0.295266 on February 14 but higher than $0.281780 on February 15. ADA fell earlier on February 13 to $0.272692.

These fluctuations persist even as the network continues its methodical upgrades.

Network improvements have yet to overcome strong opposition. Unlike markets that value speed, Cardano approaches innovation with purpose.

At the same time, several recent advancements are helping to generate some renewed momentum.

If market circumstances improve, more liquidity may be available through the LayerZero cross-chain link and the upcoming USDCx stablecoin launch. Failure to break through would test lower support at $0.24 to $0.26 or further sideways volatility.

Forecasts suggest ADA may soon reach $0.30, with monthly highs of about $0.324 possible.

Through examination, mixed signals are discovered. Cardano is still declining but stabilized after a recent jump linked to cross-chain activities. Profit-taking prompted a test of significant long-term support at $0.244 after a brief increase close to $0.30. ADA seems to be in survival mode at $0.2800, with recent dips attributed to a drop in retail demand.

Despite obstacles, some signs suggest bigger players are more confident.

Major investors have shown confidence. Recent purchases of 220 million ADA by major investors may aid in a recovery if $0.271 holds and $0.303 breaks.

Regulated markets have also increased institutional interest.

Cardano’s enormous market value makes significant price adjustments difficult. ADA would require billions of dollars in new investment funds to increase from $0.26 to $1.

These factors contribute to a hopeful near-term outlook.

In the end, Hoskinson’s ambitious plan aims to transcend existing market conditions.

By making blockchain technology accessible to billions of regular people, Hoskinson’s approach signals a larger movement away from finance and toward real-world applications.

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