Credefi Finance is thrilled to announce an integration with the XRP Ledger (XRPL), unveiling a new era for decentralized finance (DeFi) enthusiasts by offering groundbreaking real world lending products in the crypto space. This integration into the XRPL network, an open source, energy efficient, and decentralized layer-1 blockchain, allows Credefi Finance to enrich the DeFi space with its sophisticated financial products and services that enable seamless, secure, and innovative DeFi experiences for all users.
The first product to be released in this range allows users to make short term bridge liquidity loans to a portfolio of SME’s across Europe looking to efficiently fund their fixed costs. Credefi conducts thorough risk assessments of these companies using its bespoke risk engine and attestation from Experian, which has led to 0 defaults so far. As such, this product solves a real world problem of matching demand and supply of spare capital efficiently, and gives access to real w
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