What is Bit2Me Loan?

Bit2Me Loan offers loans backed by digital assets, allowing users to instantly access up to 1 million euros without having to sell their holdings. Until now, only Bitcoin and Ethereum were accepted as collateral, but you can now request a loan using XRP as well.

Why XRP

XRP is the native currency of the XRP Ledger blockchain, designed from the beginning to complement the traditional banking system and make international transfers faster and more secure for both institutions and individuals.

From its inception, XRP was built to connect different payment systems and make moving money between different denominations quicker.

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Use cases: what you can use Bit2Me Loan for

Thanks to the flexibility of Bit2Me Loan, you can use it in any situation where you need liquidity. Here are some use cases:

  • Your car broke down unexpectedly, and repairs cost more than expected? Request a loan through Bit2Me Loan and keep driving.
  • Want to diversify your crypto portfolio, but don’t want to sell what you already own? With one of our loans, you can continue your investment strategy without parting with any crypto.
  • Dreaming of a honeymoon trip around the world, but the wedding already stretched your budget? Don’t worry — our loans are instant, so you don’t have to postpone that journey.
  • You’ve been saving for a university degree or master’s program that could boost your career, but you’re still short on tuition. A Bit2Me Loan can help you fund your studies while using your savings elsewhere.
  • Found your dream home? The down payment is no longer a problem. With loans of up to €1,000,000, that dream can become reality.
  • Ready to launch a business but need to invest heavily in equipment, inventory, or a location? Bit2Me Loan can help — without major sacrifice.
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How to use XRP on Bit2Me Loan

To request a loan using XRP as collateral, follow these steps:

  1. 📲 Open the Bit2Me Loan section in the Bit2Me app.
  2. Tap on the “Simulate and request your loan” button.
  3. Choose the stablecoin you want to receive. Enter the amount you need in the text box or use the slider.
  4. Select XRP as the collateral currency and enter the amount you want to add as collateral, either manually or with the slider. If you don’t have XRP in your Wallet, you’ll need to buy it or transfer it from another exchange before proceeding.
  5. Review all the information and click “Request your loan.”

You can also follow the process in our step-by-step video tutorial:

Things to keep in mind:

  • You must have the necessary amount of XRP in your Wallet before applying for the loan.
  • The amount of collateral required must be double the loan amount. For example, to receive €100 in stablecoin, you must have €200 in XRP in your Wallet.
  • If you change the requested loan amount or the collateral amount, the rest of the values will be recalculated.
  • For more information, feel free to contact us.
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