Jump to content

Ant Financial to use XRP/xRapid for micro loans?

Recommended Posts

2 hours ago, KarmaCoverage said:

This probably does not apply, but I wrote about "How xPool" could be a micro-loan service, with the micro loans supplying the liquidity for streaming payments. 

This quote is from the bottom of... https://xrpcommunity.blog/untitled-4/

love you stuff as always KC -- i've been pondering a lot lately about ILP packets and "streaming" money services to enable large payments

while currently you could not pragmatically send say, $1m in and out of xrp, without moving the market unfavourably, one could imagine streaming the payment in many chunks or even millions or billions of tiny packets, thereby -- perhaps, i thought -- strengthening the market in the meantime (especially if there was another "stream" going the opposite direction)

now let's say this took 24 hrs -- one might say, well that's only a bit faster than a traditional method... not exactly, because you get SOME money instantly, and the rest follows... then you also get, ideally, the certainty if delivery and transparency, not to mention the other benefits ripplenet/xrapid can bring

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.