October 9, 2020 Ripple launches ‘Line of Credit’ product.

Ripple has announced it will begin offering its first loan product, called Line of Credit, to select customers. The loans will primarily provide working capital to businesses, with eligibility granted mostly to existing Ripple customers who have already qualified for use of RippleNEt’s On-Demand Liquidity (ODL) solution. Ripple first announced its intention to develop a loan product in May.