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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

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