Blocktoq

    Will Bitcoin protect your savings from inflation?

    18 November 2021

    How to create nft art?

    12 November 2021

    USA – the top destination for bitcoin miners. Why China gave away the title?

    11 November 2021
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Blocktoq
    • Crypto News
    • Explained
    • Reviews
    • After Hours
    • Market Tools
    • Igaming
    • English
      • Polish
      • Russian
    0 Shopping Cart
    Blocktoq
    Blocktoq»Crypto News»Is Ripple going to give loans in the near future?
    Crypto News

    Is Ripple going to give loans in the near future?

    KonradBy Konrad13 May 2020Updated:12 March 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Ripple-XRP-компания-даст-кредиты|Ripple глобальная служба|Ripple
    Share
    Facebook Twitter LinkedIn Pinterest Email

    After the recent traces, we may conclude that a company offering a blockchain billing system is developing a new service to help entrepreneurs to loan a working capital.

    In short:

    • Blockchain loans 
    • Potential benefits 
    • Ripple’s innovative approach to finance

    Blockchain loans 

    Ripple added a new job offer on its official website a few days ago, looking for “Director of Product Management, Loans.”. The job description indicates that the company is currently working on its new product, the working capital lending service. Such loans are to be ultimately taken out by companies and support them in their daily operations at short notice.

    Potential benefits 

    The blockchain-based capital lending service most likely to be introduced by Ripple could reduce the amount of paperwork and improve the transparency of contracts between the parties and thus increase the efficiency and speed of use of loans.

    Ripple global service

    Ripple’s large coverage in all major financial institutions and its entry into one of the ISO groups may be of interest to a large number of investors and companies that will benefit from efficient working capital loans.

    Ripple’s innovative approach to finance

    Ripple, founded in 2012 and headed by Brad Garlinghouse, offers fast and secure cross-border payments with the RippleNet money transfer network. The project brings together banks, payment providers and crypto exchanges to accelerate the transaction process. 

    Many financial institutions such as the Dubai RAKBank, Bangladeshi Bank Asia and Thai DeeMoney, among others, use RippleNet to speed up payments to their clients.

    Ripple provide loans to companies

    Not long ago, Ripple announced that it is the first member of the ISO group focused on distributed accounting records technology (DLT), thus becoming a member of the ISO20022 standardization body. 

    Is this the beginning of Ripple’s expansion and will they manage to transform the financial world with blockchain?

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleОдин из самых популярных банков США предоставляет банковские услуги для криптовалютных бирж
    Next Article More and more women are joining to the crypto community
    Konrad

      Start with crypto today

      Leave A Reply Cancel Reply

      Search
      Crypto News

      Will Bitcoin protect your savings from inflation?

      By Blocktoq Team18 November 20210

      Recently, a record increase in inflation has been recorded – both in Poland and in the USA. In Poland, inflation is close to 7%, in the USA it is 6.2%.

      How to create nft art?

      12 November 2021

      USA – the top destination for bitcoin miners. Why China gave away the title?

      11 November 2021

      Solana, the man(ETH)er

      3 November 2021

      Address: Blocktoq LTD, Kemp House 160 City Road, EC1V 2NX, London
      Email: [email protected]

      Facebook Twitter Instagram
      About us
      • Who we are
      • Submit press release
      • Advertise
      • Privacy Policy
      • Contact us
      • Shop
      • Cart
      Categories
      • After Hours
      • Crypto News
      • Crypto Projects
      • Explained
      • Finance
      • Igaming
      • Market Tools
      • Press Releases
      • Reviews
      Design by Blocktoq - Let's talk about Crypto! © 2022 Blocktoq All Right Reserved

      Type above and press Enter to search. Press Esc to cancel.