Coin Information - Ripio Credit Network - RCN

Ripio Credit Network

Market Capitalization
USD 5,825,100
24hr Volume (Global)
Circulating Supply
Current Price
USD 0.0116359893
Date (UTC)
2018-12-13 12:19:05
ipio 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.