Ripio Credit Network (“RCN”) is a protocol based on smart contracts and blockchain technology, which brings enhanced transparency and reliability in credit and lending. The protocol enables connections between lenders and borrowers located anywhere in the world, regardless of currency. By reducing the traditional banking brokerage costs and management fees, RCN aims to allow better conditions for both sides, creating a better credit alternative than anything available today. By including an intermediary agent (the “Cosigner”), the RCN seeks to neutralize the lender’s credit risk and, in case of a default, provide an alternative mechanism for managing the debt collection in the borrower’s country of residence. 

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BitPagos uses the blockchain to enable credit for online payments in emerging markets

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ICO Review: Ripio Credit Network (RCN)

Ripio Credit Network

Ripio Credit Network is a all-in-one DeFi platform wants to bring crypto to the masses.

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