Rank 332

Ripio Credit Network

RCN

Avg. Price

$0.012063 USD

24hr change

-2.13%

RCN/USD Calculator

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Market Cap / USD

$6,038,880

Circulating Supply

500,610,593

Volume 24hr / USD

$74,221

Total Supply

999,942,647

What is Ripio Credit Network?

  • Token

A peer-to-peer credit network based on co-signed smart contracts. 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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