RCN connects global lenders and borrowers via smart contracts.
Ripio Credit Network (RCN) is a blockchain-based protocol that improves transparency, reduces costs, and manages credit risks with an intermediary for global lending and borrowing.
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What is Ripio Credit Network (RCN)?
Ripio Credit Network (RCN) is a blockchain-based protocol utilizing smart contracts to increase transparency and trust in lending and credit activities. It connects lenders and borrowers worldwide, regardless of currency, aiming to lower traditional banking fees and brokerage costs to offer more favorable terms for both parties. The system incorporates an intermediary known as the 'Cosigner' to mitigate lender’s credit risk and, in case of default, provides a mechanism for debt recovery within the borrower’s local jurisdiction.
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Ripio Credit Network price live information
As of now, Ripio Credit Network is trading at 0.000359 USD, with a 24-hour trading volume of approximately 0 USD. The RCN to USD price is updated in real time. Over the past 24 hours, Ripio Credit Network has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 190.62K USD. Currently, there are 530 848 856 RCN in circulation out of a maximum supply of 999 942 647.353 RCN.
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