Ripio Credit Network

Ripio Credit Network (RCN) is a blockchain based credit network that connects lenders and borrowers all over the world. RCN uses smart contracts for the transactions that are performed on its network, which are catered through its own RCN tokens.

Launched in 2016, the platform is based upon Ethereum. As such, the RCN token is an ERC-20 token.

The RCN token has slowly inched upward over the first half of 2019.

What Does Ripio Credit Network Aim to Do?

Ripio aims to cut through the middlemen and the costs that are associated with them in the lending world. By facilitating transactions between lenders and borrowers directly, the platform aims to minimize transaction processing times as well as the costs associated with loan applications.

Ripio Credit Network achieves the objectives in a simple manner due to its overall systems and processes being based upon co-signed smart contracts. This makes sure that the processing time and fees are minimized, with lenders and borrowers having complete control over the approval of any transaction.

The firm is based out of Argentina, and aims to expand the use of cryptocurrency throughout Latin America. It is currently functional in select territories in the region.

Ripio came about in 2016 and was revealed at TechCrunch Disrupt but has been around for a while now.

What Has Ripio Credit Network Been Up To?

For 2018

The RCN team implemented core changes to their RCN Protocol, adding an Oracle to the system. The team launched their RCN dApp which allows individuals to lend and borrow in a simple manner while also adding the feature of using ETH as the currency in each transaction.

The RCN team partnered with Decentraland to provide Decentraland users with a simple way to obtain on-chain mortgages for the acquisition of virtual LAND parcels.

The RCN team also focused on community development and other aspects in regard to building their visibility within the larger blockchain ecosystem.

Over the Course of 2019 So Far

Diaspore

The team has been hard at work launching their latest changes to the RCN Engine, “Diaspore” is said to be in the latest stages of completion and will allow for borrowing and paying back via installments.

Marmo

The Marmo SDK is “the first open-source tool” presented by the RCN team for the Ethereum ecosystem. Marmo is a system which will allow for the simple integration of Ethereum based applications into traditional systems.

The team states that this toolkit would allow for the abstraction of a few of key traits of the Ethereum network without compromising on the aspects of decentralization and security.

dApp Improvement

The team continues to update the overall user flow and interaction capability with the RCN dApp.

Transparency

The RCN token has been listed on the growing Messari Registry database to improve transparency within the crypto ecosystem.

– This article was originally posted at CryptoTraderNews

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text CRYPTO to 888-902-4192 (U.S. Mobile Phones Only)

CryptoCurrencyNewsWire is where News, content and information converge via Crypto.

For more information, please visit https://www.cryptocurrencywire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.cryptocurrencywire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

This article contains Third-Party Content submitted by third parties, including articles submitted through the CCW Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of CCW or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and CCW does not endorse, guarantee or make representations concerning the accuracy and completeness of all third-party content. You acknowledge that by CCW providing you with this internet portal that makes accessible to you the ability to view third-party content through the CCW site, CCW does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. CCW expressly disclaims liability relating to such third-party content. CCW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, CCW reserves the right to remove third-party content at any time in its sole discretion.