Credefi has announced its collaboration with XRP Ledger, informing the community that this is a new and remarkable step for the venture. Calling it the latest collaboration and integration, Credefi has expressed that it will make available its extensive suite of services to the community of XRP and its wallets.
The collaboration between Credefi and XRP Ledger majorly allows Credefi to offer a comprehensive range of opportunities and features.
Only limited details are available at the moment; however, the community can be sure that more details will be made public as the collaboration moves forward. Credefi has echoed a similar tone, stating that more consecutive posts will be published to better explain its partnership with XRP Ledger.
This has received a positive response from the community, with some calling it awesome news and others reacting to the announcement with celebration emojis.
Amid the announcement, members are beginning to highlight the roadmap that Credefi drew on May 22, 2023. Per that roadmap, July is the month for Credefi to take up ModuleX Round 2. This means that the burning process for the token, $CREDI, will begin. It will span over 6 months, following which $CREDI will be minted.
Come August 2023, Credefi will work to introduce P2P Lending. Once released, the lending mechanism will only be defined as a new investment product for the platform.
These are the tentative plans for the two months, as highlighted on the roadmap drawn in May 2023.
Expect September 2023 to be an exciting month for Credefi. This is when the platform will enable Bank Transfer, allowing users to transfer funds directly to the platform from their bank accounts. It will simultaneously open doors for users to send funds from Credefi to their respective bank accounts. Automated Portfolio is also in line to be released in the month of September 2023.
Assuming the tentative timeline sticks to the agenda, the community will welcome the $CREDI Stake program in September this year. The in-house staking program will offer a chance to users to increase their holdings. More utilities for $CREDI can be expected to make their way during the same time window.
A new investing product in the form of NFT bonds will be released specifically for Credefi.
Credefi is on a mission to empower approximately 99% of the SMEs in the European Union. The ultimate goal is to bridge the financial gap of the Union by connecting them with lenders holding cryptocurrency in their wallets.
The development regarding the collaboration of Credefi and XRP Ledger follows Credefi informing everyone that only a single day was left to register for beta testing of the Credefi Finance 2.0 platform. The Beta test is scheduled to be conducted for 7 days, spread over three different phases.
Three criteria to be eligible for the beta testing are, holding a minimum of 30,000 $CREDI tokens, active platform registration, and sharing the post on Twitter.