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RCN. Ripio Credit Network. |
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Ripio Credit Network: A global peer-to-peer credit network based on cosigned smart contracts..
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The RCN protocol connects
lenders and
Wallet providers Generate the smart contracts and broadcast them to the network, adding information on the borrowers and their credit requests. ID verifiers Verify and attest the identity of each borrower as a first security measure. Scoring agents Provide a credit score for each borrower and gather the transactional information from traditional and non-traditional sources. Cosigners Insure the loan in case of a default and distribute the lender’s risk by improving the contract conditions and retaining access to the borrower’s local legal system. Credit exchanges Match the lenders’ offer with the borrowers’ credit requests through the smart contracts generated by the wallet provider. Oracles Set the price feed of the RCN token, determining the exchange rate in local currency at the time the loan is executed. tokens and coins.
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Where to BUY/SELL Ripio Credit Network is a cryptocurrency that is identified by the symbol RCN..
Symbol: RCN Crowdsale opening date: 2017–10–17 Crowdsale closing date: 2017–11–05 Platform for Fundraiser: Ethereum RCN is a global credit network based on cosigned smart contracts that connects lenders and borrowers located anywhere in the world and on any currency. The smart contracts connect agents with information on the borrower’s identity to agents that analyze the borrower’s credit risk impartially, thus standardizing credit lending through blockchain technology. A cosigner acts as a re-insurer that distributes and reduces the lender’s risk and, at the same time, helps to improve the contract conditions by retaining access to the borrower’s local legal system.
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Buy bitcoin with credit card.