Ripple Says XRP and Crypto Assets Poised for Substantial Growth in This $5 Billion Indus…

Ripple says cryptocurrency-based lending represents a powerful, early use case in the emerging world of digital assets.

In its latest Q4 XRP Markets report, the San Francisco-based payments company says the multi billion-dollar industry is just getting started.

“The digital asset borrowing/lending market saw substantial momentum throughout the past year as this market is now considered a $5 billion industry…

The momentum has been fueled by several factors: low interest rates in many fiat currencies, a growing number of digital asset market participants seeking working capital, and an increasing number of long-term digital asset holders looking to generate yield. While concerns over a ‘crypto credit bubble’ have started to emerge, the growth potential for this market remains substantial into this year and beyond.”

XRP, the third-largest cryptocurrency, is now available on some of the largest crypto lending platforms including Celsius, Genesis, SALT, and Nexo,…