Express

Ripple Is Exploring Lending Product That Operates with XRP Payment Solution

Yiran Dai

Summary: According to the Block, Ripple is developing a loan product to provide working capital loans to RippleNet users, as confirmed by a spokesperson of the second-largest fintech company in the US.

According to the Block, Ripple is developing a loan product to provide working capital loans to RippleNet users, as confirmed by a spokesperson of the second-largest fintech company in the US.

Per the spokesperson, the lending offering will utilize the On-Demand Liquidity (ODL) payment solution of Ripple (XRP). “The offering is still in its early stages, but we have received positive feedback from several customers.”

By Yiran Dai

Last Update:

Tags: ,
Link: Ripple Is Exploring Lending Product That Operates with XRP Payment Solution   [Copy]
Next:

Related Articles

  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 1 day ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 16 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 23 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 26 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 29 days ago

    • You need to login to comment.