RCN seeks to add value by lowering standard bank trading and management fees. The final result is a credible alternative that is superior to any other platform accessible, with favorable conditions for both parties.
RCN also intends to mitigate lenders’ credit risk by establishing a “Cosigner” middleman. In the case of a default, an “alternative method to manage collection in the borrower’s nation” will be in place.
About Ripio Credit Network
The Ripio Credit Network was created to leverage cosigned smart contracts to build a worldwide credit network that connects lenders and borrowers from all over the world using any and all fiat currencies.
Ripio can standardize blockchain credit lending by providing agents with the access they need to examine a borrower’s creditworthiness in an unbiased way using smart contracts. Ripio operates on the Ethereum network and employs an ERC-20 token with the ticker sign RCN.
RCN is driven by its own open-source cryptocurrency lending and borrowing technology, which is hosted on the Ethereum blockchain. The latest version of the protocol, RCN Protocol v4.0 “Diaspore,” is made up of a modular collection of smart contracts that allow users to define, securitize, accept, payback, and finance, transfer, and collect loans. It is also compatible with a wide range of Oracles, Loan Types, and Backings.
What is Ripio Credit Network [RCN]?
RCN is an open-source international lending network that uses blockchain technology to link lenders, borrowers, and inventors in order to establish seamless, transparent, and borderless lending markets.
The RCN Credit Marketplace is a unique Decentralized Application (dApp) that enables people to connect to and use the RCN protocol. The RCN Credit Marketplace lets creditors offer Decentralized Finance (DeFi) and Centralized Finance (CeFi) loans, borrow Peer-To-Peer (P2P) loans and administer everything in one location by integrating digital lending and borrowing capabilities with all of the increased transparency of the blockchain.
Who Are the Founders of Ripio Credit Network [RCN]?
Sebastian Serrano, the CEO of Ripio Group, established RCN. He is an Argentine IT entrepreneur. In 2013, he founded the digital platform Ripio, which provides fiat-to-crypto brokerage as well as a comprehensive suite of consumer financial applications.
RCN was founded in 2017 with the goal of bridging the gap between credit supply and demand across boundaries by establishing a new ecosystem of decentralised lending and borrowing solutions for a variety of stakeholders. The Credit Marketplace connects lenders from all over the globe to attractive loan possibilities, while borrowers from all over the world may seek cash on their own terms by posting crypto-collateral. RCN also provides a number of companies other than retail borrowers with flexible access to global credit supply.
What Makes Ripio Credit Network Unique?
The three criteria that distinguish RCN are as follows: – Financial Efficient: There is no gap between borrowing and lending APRs in peer-to-peer loans. Lenders can now make more money while borrowers pay less. – Customizability: Borrowers can set their own APR with Peer to Peer Loans. Being the one who determines how they will repay their loan. – Stability: More importantly, the APRs on Peer to Peer Loans do not fluctuate over their tenure. They now know how much they will pay from the first to the last day.
Where Can You Buy Ripio Credit Network [RCN]?
If you’re looking for a place to purchase RCN, the best cryptocurrency exchanges to use right now are Huobi Global, Gate.io, HitBTC, Folgory, and Bancor Network.
Frequently Asked Questions
Can I Buy Ripio Credit Network [RCN] With Cash?
No. There is no direct method to purchase Ripio Credit Networkusing cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Ripio Credit Network [RCN] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the Ripio Credit Network [RCN] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact RCN price and market cap.
Ripio Credit Network Official website – https://rcn.finance/
Ripio Credit Network Medium – https://medium.com/rcnblog
Ripio Credit Network Twitter – https://twitter.com/RCNFinance
Ripio Credit Network Reddit – https://reddit.com/r/rcn_token