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HomeBankingRipple: Introduces Line of Credit

Ripple: Introduces Line of Credit

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  • Ripple launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity
  • Limited access to working capital is also one of the biggest barriers to growth for many companies
  • Faced with stalled growth, customers turn to creating bespoke credit arrangements with each partner, in each destination market
  • Each arrangement requires additional overhead and also management, making it a slow, burdensome
  • Ripple’s Line of Credit solves this problem for customers by providing upfront access to capital for every market through one simple credit arrangement
  • RippleNet customers simply take advantage of one simple XRP-based arrangement everywhere that ODL is available

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