Ripple : Can someone ELI5 how crypto-loans from work?

Ripple update: Can someone ELI5 how crypto-loans from work?

…and how it could end up not benefiting people who take advantage of taking out a Crypto-loan.

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About Ripple (XRP)

Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

Author: vampyre01

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