Ripio (RCN) is an ERC-20 token developed on Ethereum blockchain to provide a peer to peer global credit network using cosigned smart contracts. Ripio Credit Network (RCN) brings reliability and transparency in credit and lending thus eliminating the traditional banking brokerage costs. The lenders and borrowers can interact from around the world on the Ripio Credit Network platform and can use their local currency. The Ripio Credit Tokens are used to facilitate the transactions among the agentsShow more [+] in the network. These tokens are also used to incentivize the participants of the network. The RCN network comprises of wallet providers (generates smart contracts, add information about borrowers), ID verifiers, Scoring Agents (provide credit score), cosigners (insure the loan), Credit exchanges (match lender's offer with borrower's) and Oracles (set price feed of RCN token).
Ripio was founded by Sebastian Serrano, the present CEO. He is a tech entrepreneur, software developer and co-founder at devsAr and WeGIF.The management team consists of 6 other members. There are 4 core developers working on the project. The advisory board has 4 members including Sergio Demian Lerner, the co-founder & chief scientist at RSK labs.