Ripple has decided to delve into another major sector but within the confine of the blockchain industry. The enterprise blockchain firm is seeking a Director of Product Management for its new loan idea on RippleNet, a remittance system making use of On-Demand Liquidity via XRP token.
Ripple in a job description message on its website wants someone who can help launch a working loans capital initiative for its over 300 customers in a simple but rewarding step.
The director role is kept for someone with deep knowledge of product launch, who shall be based in San Francisco, and understand how Ripple can give RippleNet customers the new service.
Ripple’s loan product offering when launch, will offer customers with working capital loans, meaning they can depend on RippleNet to service their customers during any cross-remittance service without having anything in their account.
The initiative is another means to completely kill pre-funding of account as done by many banks today.
The selected director is expected to design the structure for the new idea and open RippleNet customers to a means of achieving a functional loan offering on the RippleNet.
The idea has the potentials of capturing new customers since the initiative will create customer empathy that revolves around issues linked to cross border payments and working capital needs, which is a major issue in the financial industry today.
With over 300 customers on the RippleNet, Ripple services virtually all continents by offering lower-cost, fast and seamless cross border remittance service.
The RippleNet offer a global payment service using On-Demand Liquidity with XRP token to over 300 financial institutions including MoneyGram.