What is Ripio Credit Token?

in #crypto2 months ago

Source. Crypto info.com

What is Ripio Credit Token?

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RCN is an open global credit network that connects lenders, borrowers and loan originators on the blockchain to create frictionless, transparent and border less debt markets.

They do this by operating on the Ethereum network and harnessing Smart Contracts to allow service providers to interact and connect debt markets supply with demand (in any currency) and allowing frictionless lending use cases.

The RCN protocol facilitates peer-to-peer lending without the high transaction fees that are charged in traditional banking processes, while the RCN token's value is directly correlated to the demand for its use in the network

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