Repo Coin seeks to serve the car lending and prepossessing industry. This is a platform that utilizes the blockchain technology to try and solve the challenges associated with non-payments and insecurities in the mentioned industry. The platform will further utilize smart contracts to ensure that only those transactions that meet the set criteria are processed to protect industry players from the risks of non-payments. This approach will compel borrowers to pay more and have lenders checkShow more [+] customers rating and credibility. Using a mobile app, the platform will always issue alerts to borrower, lender and vehicle recovery agent in case a license plate is tagged and then have the vehicle recovered immediately returning the vehicle to its owner. The decentralized process will save a lot of time and money.
The REPO coin is the currency that will be utilized on the Repo platform. This coin will utilize the Stellar protocol rather than ERC20. It is never premined, and will be used to run all the operations within the platform. Users will also be in a position to exchange REPO for goods and services online. The platform has its own official wallet that you can use to keep your coins safely and is listed for trade on Stellar Decentralized Exchange.
The team managing this project draws from experts in various industries including fintech, blockchain and motor industries. They include Fahim Aref, the co-founder and CEO, Grant Gulovsen, IP Attorney, Mohammad Fattal, the Chief Marketing Officer and Sana Othman, the co-founder and CFO among others.