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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: TheCryptocurrencyPortal on October 11, 2020, 11:22:09 PM



Title: Ripple Launches New Service Utilizing Crypto Asset XRP
Post by: TheCryptocurrencyPortal on October 11, 2020, 11:22:09 PM
Ripple Launches New Service Utilizing Crypto Asset XRP to Fund Instant Cross-Border Payments (Line of Credit)

Check out the discussion here: https://www.youtube.com/watch?v=BQohayyGECA (https://www.youtube.com/watch?v=BQohayyGECA)

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.


Title: Re: Ripple Launches New Service Utilizing Crypto Asset XRP
Post by: Francis Freeman on October 12, 2020, 07:36:47 AM
Ripple Launches New Service Utilizing Crypto Asset XRP to Fund Instant Cross-Border Payments (Line of Credit)

Check out the discussion here: https://www.youtube.com/watch?v=BQohayyGECA (https://www.youtube.com/watch?v=BQohayyGECA)

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.

Wasn't there already a product called RippleX which was supposed to use XRP tokens for facilitating cross border transactions ?
I wonder what's the difference between RiplleX and Line of Credit.