Ripple Unveils XRP Lending Service
Main page News, XRP

Popular payment company Ripple has just announced the launch of Line of Credit, a new service that allows users of its On-Demand Liquidity (ODL) solution to borrow XRP.

Per the company's announcement, "this is our first time testing a product offering in the lending space. We may decide to build out a more robust offering in the future."

According to Ripple, the aim of this new service is to help small-to-medium enterprises expand their businesses so they can compete with larger companies.

In particular, companies using Ripple's ODL service will be able to purchase XRP on credit for a small fee. This will allow them to finance their cross-border transactions at a very low cost.

This new service has already been tested in a pilot project by RippleNet customers who specialize in cross-border money transfers. The product is the latest step in Ripple's vision of "breaking down the barriers in finance."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error