fbpx

Introducing loans backed by XRP

You were heard!

As of 2019, HODL Finance is introducing XRP-backed loans!

Get a loan backed by your precious XRP at our crypto loans portal now!

Our Ripple affair

For the past several months we’ve conducted an online customer survey. The majority of our current and prospective clients have requested loans in what is now the second most valued cryptocurrency – XRP (Ripple).

First released in 2012, XRP has made significant gains over the course of several years. The gradual growth in XRP’s value subsequently dethroned Ethereum as the world’s second most valuable cryptocurrency. That is also partly the reason why so many hodlers have requested loans backed by their XRP.

Unlike many other major coins – Bitcoin, Ethereum or Litecoin – Ripple is not mined. Instead,  in a similar manner to a company issuing stock, XRP issued 100 billion XRP coins.

Besides being a cryptocurrency, Ripple is also a payment protocol challenging the global legacy interbank payment system SWIFT. It’s probably too early to predict its success but the time will show how many financial institutions trust Ripple and join their network.  

Loans backed by XRP at HODL Finance

The one thing is clear – many people around the world trust Ripple and believe in XRP already. Today XRP-backed loans become available to every HODL Finance client too.

40% loan to value (LTV) ratio is currently available to all loans backed by XRP. Check all the terms at our crypto loans portal.

 

 

HODL Finance is the European digital lending company. HODL Finance issues loans backed by cryptocurrency and other digital assets. Founded by the shareholders of the peer-to-peer lending platform, Savy, HODL Finance now serves clients around the world.

Aaron Brown: the boom pushed crypto forward 3 to 5 years

Our “5 questions to…” guest today is Aaron Brown, the writer for Bloomberg and the author of several books, including “The Poker Face of Wall Street”, named one of BusinessWeek’s top 10 paperbacks for summer reading…

The side effect of AML – market recovery?

The state of anti-money laundering (AML) is becoming an increasingly significant issue for businesses and regulators alike. Compliance costs to businesses are growing, with costs to United States financial services firms estimated to be over $25…

Buying a piece of a ski resort would have been nuts in the past, not anymore

With the increased popularity and development of cryptocurrencies, the concept of tokenizing assets has captured mainstream attention. Many pioneers are envisioning a token economy wherein countless assets are represented with tokens. There are a number of…