Ripio (RCN)

Ripio (RCN) widget

ICO date: 17.11.2017 - 05.11.2017
Product Type: Platform
Industry: Banking & Payments
Description:

Ripio Credit Network is a global credit network based on cosigned smart contracts.

Features:

Wallet providers - Generate the smart contracts and broadcast them to the network, adding information on the borrowers and their credit requests.

ID verifiers - Verify and attest the identity of each borrower as a security measure.

Scoring agents - Provide a credit score for each borrower and gather the transactional information from traditional and non-traditional sources.

Cosigners - Insure the loan in case of a default and distribute the lender’s risk.

Credit exchanges - Match the lenders’ offer with the borrowers’ credit requests through the smart contracts generated by the wallet provider.

Oracles - Set the price feed of the RCN token, determining the exchange rate in local currency at the time the loan is executed.

Website: ripiocredit.network
Whitepaper: Whitepaper

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See also