{"id":29881,"date":"2020-10-09T17:24:32","date_gmt":"2020-10-09T14:24:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29881"},"modified":"2025-08-27T19:24:14","modified_gmt":"2025-08-27T16:24:14","slug":"ripple-launches-xrp-based-line-of-credit-for-businesses","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ripple-launches-xrp-based-line-of-credit-for-businesses\/","title":{"rendered":"Ripple launches XRP-based line of credit for businesses"},"content":{"rendered":"<p>Ripple has launched a Line of Credit for business lending. The beta version of the service runs on the RippleNet network and is available to a limited set of clients, <a href=\"https:\/\/ripple.com\/insights\/fund-instant-cross-border-payments-with-a-line-of-credit-from-ripplenet\/\" target=\"_blank\" rel=\"noopener noreferrer\">according to<\/a> a press release.<!--more--><\/p>\n<p>The product is aimed at fintechs, small and medium-sized enterprises. Ripple argues that this segment is more likely than others to face barriers to capital.<\/p>\n<p>The loan will be issued in XRP tokens and only to institutional clients within the On-Demand Liquidity framework. If necessary, recipients will be able to convert the funds into fiat.<\/p>\n<p>The company added that a fee would be charged on the credit amount. After testing the product, the team plans to deliver a more fully fledged offering.<\/p>\n<p>As noted, Ripple may <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-threatens-to-leave-the-united-states-over-excessive-cryptocurrency-regulation\">change<\/a> its US jurisdiction to a more friendly one due to excessive regulation of the crypto industry.<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple has launched the Line of Credit for business lending. The beta version of the service runs on the RippleNet network and is available to a limited set of clients, according to a press release.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1097,112],"class_list":["post-29881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-lending","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29881"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29881\/revisions"}],"predecessor-version":[{"id":29882,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29881\/revisions\/29882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}