Crypto firm Ripple starts XPR line of credit service

Ripple, the US cryptocurrency company, has launched a line of credit available to some of its customers, as corporate financers say that blockchain technology will likely continue to create new services associated with traditional banking.

Ripple, which runs on the XRP cryptocurrency, will allow customers using its On-Demand Liquidity service on its RippleNet platform to buy XRP from Ripple on credit.

Customers will be charge a fee on the amount borrowed, and Ripple says it can provide approvals “faster than through traditional means”.

“RippleNet customers