Ripple Will Launch A Loan Platform, Opens Payment Services In Kuwait

As the XRP price is taking over the $0.2000 mark once again this month, big news comes from the organization behind the coin. According to a vacancy announcement that was dug up by users on the Web, Ripple will launch a loan platform and has already opened payment services in Kuwait.

All of this is part of the partnership that the cryptocurrency project has with the Kuwait Financial House (KFH) that allows for the launch of payment services to Turkey. A job offer, on the other hand, reveals that the company will launch a new lending platform.

According to the publication, Ripple is actively looking for a product manager that would lead the project. It reads the following:

“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.”

The announcement does not mention the use of XRP – but talks about how Ripple will launch a loan platform – and is seeking a person who can work with other teams. It is not ruled out that the platform would use the XRP token. However, the Ripple news also share this excerpt from the announcement, stating:

“(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, develop risk capabilities to properly understand how to price new loan offerings for customers.”

As already reported by CNF, Ripple has published two vacancies which sparked rumors about a potential launch of a “next generation trading platform” which will be based on Ripple’s On Demand Liquidity payment system as well as XRP, but the company has not made an official announcement yet.

Meanwhile, Ripple’s partnership with Kuwait Financial House (KFH) is also paying off – the partners announced a payment service based on RippleNet that will allow money transfers to be made directly to beneficial accounts in the bank’s branch in Turkey. This is obviously a big step for XRP and the service is expected to be fully operational soon.