About RCN
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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Frequently Asked Questions
What's RCN?
Read MoreRCN is an open-source global credit network that connects lenders, borrowers and originators on the blockchain to create frictionless, transparent and borderless loan markets.
The RCN Credit Marketplace is a proprietary Decentralized Application (dApp) that allows users to access the RCN protocol and connect with its features. By combining digital lending and borrowing tools with all the transparency and security of the blockchain, the RCN Credit Marketplace enables creditors to lend Decentralized Finance (DeFi) and Centralized Finance (CeFi) loans, borrow Peer-To-Peer (P2P) loans and manage everything in one place.
RCN is powered by its own open-source blockchain lending and borrowing protocol, which in turn runs on the Ethereum network. Composed by a modular set of smart-contracts, the protocol’s current version RCN Protocol v4.0 “Diaspore" allows its users to denominate, collateralize, receive, repay, fund, transfer and collect loans. In addition, it is compatible with a wide variety of Oracles, Loan Types and Backings.
Who Are the Founders of RCN?
Read MoreRCN was founded by Ripio Group's CEO, Sebastian Serrano. He's a tech entrepreneur from Argentina. In 2013 he launched the digital platform Ripio, offering fiat-to-crypto brokerage and a full suite of fintech solutions for consumers.
RCN born in 2017 with the intention to bridge the gap between credit supply and demand across borders, creating a new ecosystem of decentralized lending and borrowing solutions for multiple stakeholders. The Credit Marketplace allows lenders worldwide to reach attractive lending opportunities, while borrowers around the world can enjoy requesting funds on their own terms by posting crypto-collateral. RCN also provides flexible access to global credit supply to a variety of entities beyond retail borrowers.
What makes RCN unique?
Read MoreRCN’s unique proposition lies in these three factors:
- Financial Efficiency: Peer to Peer Loans have no spread between borrowing and lending APRs. Now lenders can earn more while borrowers pay less.
- Customizability: Peer to Peer Loans allow that borrowers can choose their own APR. Being the one that decides how they will pay to borrow.
- Stability: More important Peer to Peer Loans’ APRs don’t vary during their term. Now they can know how much they will pay from the first day to the last.
What is the all-time high price of Ripio Credit Network (RCN)?
Read MoreThe all-time high of RCN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Ripio Credit Network (RCN) is 0. The current price of RCN is down 0% from its all-time high.
How much Ripio Credit Network (RCN) is there in circulation?
Read MoreAs of
, there is currently 0 RCN in circulation. RCN has a maximum supply of 0. What is the market cap of Ripio Credit Network (RCN)?
Read MoreThe current market cap of RCN is 0. It is calculated by multiplying the current supply of RCN by its real-time market price of 0.000356499055.
What is the all-time low price of Ripio Credit Network (RCN)?
Read MoreThe all-time low of RCN was 0
, from which the coin is now up 0%. The all-time low price of Ripio Credit Network (RCN) is 0. The current price of RCN is up 0% from its all-time low. Is Ripio Credit Network (RCN) a good investment?
Read MoreRipio Credit Network (RCN) has a market capitalization of $0 and is ranked #9219 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Ripio Credit Network (RCN) price trends and patterns to find the best time to purchase RCN.