Customers have told us time and again that access to capital is the biggest barrier to growth. Scaling quickly is a must. If you’re an incumbent w/ a large balance sheet, that’s easy. Startups/SMEs/eCommerce companies unfortunately lack the resources to do the same. 1/5
Now, customers using On-Demand Liquidity can use Line of Credit, which provides upfront access to capital through a single credit arrangement - simplifying access to solutions that let you scale, enter new markets and reach new customers. 2/5
#RippleNet customers use one XRP-based arrangement w/ flexible repayment that works everywhere #ODL is available, regardless of sending destination or local currency, and costs less than traditional providers. 3/5
Line of Credit allows you to scale & accelerate your business performance - pilot customers are already seeing the results. RippleNet is evolving: from bi-directional messaging, settlement, liquidity management to lending. is the key behind what only RippleNet can offer. 4/5
We’re providing customers with financial solutions that were once only available through legacy systems - now without the cost and overhead. This is the first of many more to come. #IoV onwards. 5/5
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It’s been a wild few weeks in crypto! OCC has greenlighted banks to get involved, #Bitcoin hits $12,000, DeFi is booming, futures products are soaring, and adjusted txn value for stablecoins hit an all-time high. And this is just a fraction of the news… (1/7)
What’s one common denominator here? Likely global uncertainty with fiat currencies, and many in the crypto industry focusing on utility, beyond just speculation. Examples like Dodgecoin aside, there’s a new, growing focus on an asset’s use case, its tangibility. (2/7)
We’re seeing a melding of the old world and new. It’s only a matter of time before banks offer custody services, acquire companies with those capabilities, and potentially even offer crypto lending as they see consumer interest in DeFi. (3/7)