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Ripple Sees a New Role For XRP Institutional credit remains largely untapped in onchain finance despite growing interest from financial firms. Ripple product head Jazzi Cooper believes this could become a major use case for ripple:native. The XRPL's Lending Protocol enables
Ripple's product head, Jazzi Cooper, said institutional credit is mostly unused in onchain finance, despite rising interest from financial firms. He believes this could become a major use case for XRP, supported by the XRPL's Lending Protocol.
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What happened
Ripple's product head, Jazzi Cooper, said institutional credit is mostly unused in onchain finance, despite rising interest from financial firms. He believes this could become a major use case for XRP, supported by the XRPL's Lending Protocol.
Confirmed
Global impact / market context
If XRP is used for institutional lending, it could increase demand for the token as firms borrow and lend using it. This might boost XRP's value and make Ripple's network more important to banks and other financial companies.
Analyst inference
Financial firms are exploring blockchain-based lending, but credit remains a small part of onchain finance. For XRP, entering institutional credit could open a new revenue source and differentiate it from other digital assets that focus mainly on payments or speculation.
Analyst inference
What to watch
- Watch for any official announcements from Ripple about the XRPL Lending Protocol, including details on how it will work and which firms are involved. Confirmed
- Consider whether Ripple will partner with banks or credit providers to launch institutional lending products using XRP, as Cooper's statement suggests they may pursue this. Proposed
- Track XRP's trading volume and price; if lending adoption grows, demand for XRP could rise, potentially affecting its market value. Analyst inference
Affected assets
- XRP — XRP