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Ripple Launching New Loans Platform – Is Crypto Asset XRP Involved?

May 13, 2020

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Ripple says it’s bringing a new product to market that’s centered on working capital lending.

In a new job listing, the San Francisco startup says it is looking for a director of product management to spearhead the platform.

“This person will bring a new loan product to market from concept to launch for RippleNet customers. This person will bring strong leadership skills as they will need to collaborate heavily with cross-functional internal teams and the financial ecosystem of partners and customers.”

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While many crypto companies have launched platforms that allow users to attain loans using digital assets as collateral, the job listing doesn’t mention whether XRP will be part of its new offering.

Ripple says the new hire will be responsible for determining how the company can serve new and prospective RippleNet customers with working capital loans.

“[The product manager will] create the relevant structures to properly execute on a functional loan offering, develop customer empathy around problems related to working capital needs and cross border payments, [and] develop risk capabilities to properly understand how to price new loan offerings for customers.”

Although the company has yet to make an official announcement, Ripple is also looking to hire a liquidity staff software engineer that will help the company design a crypto trading platform.

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Featured Image: Shutterstock/Dmitriy Rybin