Ripple Launches New Service Utilizing Crypto Asset XRP to Fund Instant Cross-Border Payments

Check out the discussion here: Line of Credit

Ripple’s new “Line of Credit” service is now live, giving the company’s customers an opportunity to borrow XRP for cross-border transactions.

Financial institutions and money service providers using the San Francisco startup’s XRP-powered, cross-border payment product, On-Demand Liquidity (ODL), can borrow Ripple’s native currency for a one-time fee via an approval system that will move faster than legacy financial options, according to a press release.