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Ripio Credit Network (“RCN”) is a protocol built on smart contracts and blockchain technology, designed to improve transparency and dependability in lending and credit activities.
The protocol supports interactions between lenders and borrowers from anywhere globally, independent of currency.
By cutting out many of the usual banking brokerage costs and management fees, RCN is intended to offer more favorable terms to both parties, positioning it as an alternative to today’s existing credit options.
Through the use of an intermediary agent (the “Cosigner”), RCN looks to limit the lender’s credit risk, and-if a default happens-introduce a different way to handle debt collection in the borrower’s country of residence.
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