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Delio: Innovative Financial Products for Ripple (XRP)

Wed, 05/04/2022 - 08:33
Delio: Innovative Financial Products for Ripple (XRP)
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In the digital asset market sector, Delio, an emerging fintech company, announced multiple financial services to XRP holders.

As a result of Delio’s launch of the Ripple savings product in March, multiple Ripple services followed within two weeks, reflecting customers’ desire for long-term products. A Ripple lending services in cash and stablecoins are in development, and soon customers will be able to get loans in USD, KRW, and USDT by putting their XRP as collateral. The company lends at fixed interest rates, so users can manage funds with a lower impact of volatility in the market.

Ripple is one of the most popular crypto assets having a market cap of about $35 billion and it is the most favorite asset in Korea where 12% of XRP trading is happening. With these market conditions in mind, Delio plans to offer Ripple holders a few more financial products, such as deposits and loans. As XRP keeps its position high, decentralized financial companies continue researching its full potential.

Long-term Ripple investors will be served by a separate brokerage service of Delio, which is called PBS. As part of PBS, corporate and institutional investors are offered tax and other legal support to accurately evaluate their net incomes.

Moreover, customers with Ripples in their Delio Vault will be able to purchase Ripple products through affiliated card companies through the Ripple payment system, which is an extension of the existing Bitcoin payment system.

Additionally, Delioswap, a decentralized exchange (DEX), also provides a swap service between Ripple and other virtual assets. When Ripple is listed on Delioswap, it will improve the convenience and accessibility of a variety of users since it can be swapped with other digital assets without having to go through a centralized exchange.

Delio introduced its NFT marketplace, bluebay, on April 11 of this year and is now accepting Ripple payments for NFTs. It plans to expand from only accepting Ethereum payments to also accepting Ripple and DSP (Delio token) to upgrade the user experience.

The CEO says, “In the same way that Ripple's slogan states the world strives to move value, customers are exploring a variety of ways to manage assets and create value through Delio. As the first ignitor, we chose Ripple.”

“It will be our goal to continue to expand into various alternate currencies in order to pioneer and expand a financial market for digital assets” He adds.

Delio is working on various CeFi and Defi services such as deposits, lending, and NFT payments that will shape the digital market.






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