Cred, a decentralized global lending platform that was founded by former PayPal financial technology executives, is offering a new lending facility using XRP as collateral after it secured a fresh $50 million in funding.
In a statement, the company said XRP holders could borrow money against their XRP tokens and at the same time, have the opportunity to hold on to their XRP tokens as long as they want to without the necessity to sell or face the risk of incurring tax liabilities.
Arrington XRP Capital Founder and well-known Ripple investor Mike Arrington commented,
“As a Cred borrower, I appreciate how responsive Cred is to my needs. They continue to impress me with their ability to act as a trusted bridge between the traditional financial services ecosystem and the crypto community. Cred is successfully building th...
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