Ripple enters the lending sector
Ripple enters the lending sector
Altcoin

Ripple enters the lending sector

By Alfredo de Candia - 15 May 2020

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The company Ripple (XRP) has announced that it is looking for a Director of Product Management in the lending sector.  

The candidate must be an expert in the process of creating a new product, which will be launched on RippleNet.

RippleNet is an international payment tool that now wants to expand into the crypto lending market and therefore needs a person who has experience in the sector and who will oversee the creation and launch of this new product. 

Obviously the requirements are very high:

  • 10+ years of overall experience (at least 5+ as a product manager) with top Internet, e-commerce, enterprise software and/or financial services companies.
  • Reputation for evangelizing and scaling best in class product experiences 
  • Experience with pricing credit risk and lending pricing for SMBs & Fintechs is a plus
  • Experience partnering with engineering and business development teams to define, build and maintain products that are critical to growth, engagement and retention
  • Familiarity with regulatory requirements related to developing [credit/loan] products
  • Experience with working with internal and external legal, tax and compliance professionals regarding financial products
  • A low ego and a high drive to deliver

It is difficult to predict what kind of product will be launched, but it will certainly be linked to XRP, which could be used as collateral, or it could be a standard lending service based on RippleNet. 

It is worth noting, however, that the situation of Ripple is not clear, especially for its problems with investors in terms of security, and there is still no certainty about the final decision of the SEC.

This could also affect this lending product, if and when it comes to life, forcing the authorities to check in detail what it is about, because Ripple will have to obtain authorization if it wants to propose a financial product. 

This is certainly not a bright time for Ripple: XRP has recently been surpassed by Tether (USDT) in terms of market capitalization, despite paying millions to those who use their products, but apparently it is not enough to maintain a strong position.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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