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

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.