XRP Poised to Become Institutional Credit Collateral: Ripple Exec

Ripple's XRP token may be on the cusp of a new and significant role in institutional credit markets. According to RippleX Product Head Jazzi Cooper, XRP as collateral for institutional credit is a 'killer use case.'

The comments point to an expanding role for XRP beyond its traditional association with cross-border payments and settlement.

XLS-65 and XLS-66 proposals are designed to support institutional lending and credit markets. Ripple is already supporting institutional lending initiatives built around the XRP Ledger.