Ripple, an enterprise blockchain solutions for payments has announced the launch of Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand to initiate cross-border payments at scale using the digital asset XRP.
Limited access to working capital is a primary barrier to growth for many companies. Many FinTechs and small and medium-sized enterprises (SMEs) lack the capital and resources to compete. Faced with stalled growth, customers turn to create bespoke credit arrangements with each partner, in each destination market. Each arrangement requires additional overhead and management, making it burdensome, slow and an ultimately inefficient process. Read the complete article HERE.
