Ever tried getting through the bottlenecks of accessing credit finance and see how really difficult it is to hedge something of real value or depend on a system for operators and users alike not to default on loan agreements? RCN is a decentralized project aiming to disrupt the peer-to-peer lending system on a global scale.
Ripio understands this problem intimately and tries to create a self-reliant ecosystem that becomes the panacea for the credit system. They introduce some interesting features to the already established concepts of ‘lender meets borrower’ concepts whereby they exchange contractual terms and agreement, and oftentimes with the lender handling more risks than is necessary. In their own solution, they introduce a new concept of cosigned smart contracts which levels the risk valuation for all parties involved in a credit trade.
Ripio Credit Network investment is a little more than just a name, it’s really more of a solution to real financial and loan facility problems.
The coin has good trading markets. In fact, it covers some of the top ten exchange markets. As of the time of this writing, there are about 6 trade pairs to include BTC, BNB, BNT, ETH, USDT, and USD on about 10 exchanges having about 21 markets. You can buy RCN using any of the above-mentioned crypto assets to trade with, and it’s pretty simple to buy. As for storage, you can store it as an ERC20 token on any of the compatible wallets such as myetherwallet and metamask; for hardware options, Ledger Nano or Trezor wallet should suffice.