Ripple Enters Lending With XRP Credit Lines to Fund Global Payments

[Galaxy]

Ripple, the payments startup with a multibillion-dollar valuation, an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into the lending business.

On Friday, the Silicon Valley-based fintech unveiled its Line of Credit for customers using its On-Demand Liquidity (ODL) service, per a company blog post.
"This is our first time testing a product offering in the lending space," a company spokesperson confirmed to CoinDesk. "We may decide to build out a more robust offering in the future."
Info link: https://www.coindesk.com/ripple-lending-credit-xrp