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Ripple will now provide working capital loan services for its clients



Ripple, the company behind the XRP cryptocurrency, is best known for its cross-border payment services to banks and payment providers. The blockchain payments startup is now branching out into working capital loans for its clients. Therefore, Ripple is actively seeking a person to fill the position of Director of Product Management for RippleNet's new loan product.

According to Ripple's jobs and careers page, the company is looking to hire a product manager for its new company. This director will lead efforts to develop and launch Ripple's new loan product that will give more than 300 RippleNet clients access to working capital loans.

The right candidate for this role must have a proper product launch experience and fully understand how Ripple can best serve its RippleNet clients with working capital loans.

The new director will be based at Ripple's headquarters in San Francisco and will report to Vice President of Product Management Amir Sarhangi (former Google executive).

For those who don't know, a working capital loan is a loan that a company takes to finance its short-term operating needs. RippleNet is one of Ripple's payment solutions that provides real-time settlement to customers.

As such, a blockchain-based loan product provided by Ripple would not only significantly reduce the time it takes for companies to receive working capital loans, but would also improve transparency among the actors involved.

For Ripple, a company that aims to revolutionize the financial industry by improving the way people move money from one place to another, this new working capital loan product will be very useful for companies that need loans to finance their daily operations.

In particular, the job posting does not specify whether the XRP cryptocurrency will be involved in any way in the new product.

It's worth mentioning that Ripple is also reportedly looking to hire a personnel software engineer, Liquidity, to help the company build a “Distributed business level trading platform” which will provide real-time access to the cryptocurrency markets.


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