About Ripio Credit Network

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.