Ripple News Today – Ripple’s Upcoming Loan Platform Might Be The Big Break XRP Has Been Waiting For – May 16th, 2020 

Ripple XRP Price Prediction
  • Ripple is Working on a Loan Offering Platform for RippleNet Clients
  • Ripple XRP Price Has Found Relative Stability Above the $0.2000 Level 

Ripple News Today – According to the recent news, Ripple is making plans to release a lending platform that will be open to every member of the RippleNet organization. Qualified candidates will be granted working capital loans by Ripple. The platform is going to use Ripple’s On-Demand liquidity solution which requires the use of the Ripple XRP token. The news about this loan came to light right after Ripple’s recent job posting went online.

Ripple News Today – Ripple Works on New Loan Platform

A spokesperson of Ripple, during an interview with The Block, confirmed that the new loan platform is a lending offering that will provide working capital for RippleNet members in need. The funding required for daily business operations can be gotten from the upcoming platform. The company is looking for a director to oversee its product management division. Part of the statement from the spokesperson said;

“We are expanding our offering to loans to further support our customers with their working capital needs – something that we know is a huge pain point for many of them. The offering is still in its early stages, but we have received positive feedback from several customers. Global payments remain at the heart of our business, and we are excited to find new ways to serve our existing and prospective RippleNet customers.”

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.211
3.27%

While the details of this platform have not yet been made public, the fact that it would involve the use of the XRP token is already a plus because it shows that the token is getting more real-world use cases. This will increase the demand for XRP and eventually promote a surge in price as well. XRP is already getting a lot of heat from dissatisfied members of the cryptocurrency community who are tired of the negative price action.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

Over the last two years, Ripple XRP has been on a downside slope. Even if the token is going a little better this week, it is still far away from its all-time high. At the time of writing, the price of the token was $0.200399. It is down by 0.61% against the USD and up by 1.54% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,992,193,358 and the market capitalization is $8,840,190,517. So, if the new platform is going to make things better for XRP by driving demand, it would be much appreciated by members of the XRP community.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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