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Ripple lists new vacancy suggesting it could be working on a capital loan product

 
Ripple lists new vacancy suggesting it could be working on a capital loan product
Breaking News / Ripple / XRPUSD
  • Ripple has just recently added a job opening on its official website for a director of product management, loans. 
  • The description of the vacancy suggests that the company is working on a new loaning product.

The San Francisco-based blockchain company, Ripple has just recently added a job opening on its official website for a director of product management, loans. 

The description of the vacancy suggests that the company is working on a new loaning product which could potentially help its consumer base with working capital loans.

If this is what The company is working on, then a blockchain-based loan product could have the potential to shorten the time for businesses to avail capital loans. On top of this, it could improve the transparency between the parties involved as well as reducing the paperwork for the loan.

When you think about Ripple being a big player in the financial space, this could have a massive impact on different companies looking for working capital loans. For those that don’t know, these kinds of loans are taken to financially support today and everyday operations.

There have been many products built on various financial products by ripple that are helping numerous financial institutions go about their business. 

The American based company recently claimed to be the first distributed ledger technology-focused firm to have become a member of the ISO 20022 standards body. 

Price

This week has been a weird one for the crypto space. Bitcoin underwent its third halving event with many people expecting big things in the aftermath however, as of yet nothing has significantly happened.  For ripples XRP token, it is currently priced at $0.20 at the time of writing.

For more news on this and other crypto updates, keep it with CryptoDaily!

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