Enterprise blockchain service provider Ripple… announced a beta offering called Line of Credit that it says lets its FinTech customers use the XRP digital currency to send cross-border payments. The service is not available to individuals.
[Ripple:] “With a line of credit from Ripple, your financial institution can use XRP to complete instant, low-cost cross-border transfers… We allow you to lock in a rate at the time of the payment, then repay us when it’s convenient for you, for a small fee.”
The service “lowers both the cost of holding trapped capital and operational costs associated with sending cross-border payments…”
https://www.pymnts.com/news/payments-innovation/2020/ripple-announces-line-of-credit-offering/