Ripio Credit NetworkRCN
$0.00317
Market/Exchange
RCN Price Prediction and Price Movement
RCN is up 41.79 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of RCN can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, RCN has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on RCN's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Ripio Credit Network Price Chart
About Ripio Credit Network
What's RCN?
RCN is an open-source global credit network that connects lenders, borrowers and originators on the blockchain to create frictionless, transparent and borderless loan markets.
The RCN Credit Marketplace is a proprietary Decentralized Application (dApp) that allows users to access the RCN protocol and connect with its features. By combining digital lending and borrowing tools with all the transparency and security of the blockchain, the RCN Credit Marketplace enables creditors to lend Decentralized Finance (DeFi) and Centralized Finance (CeFi) loans, borrow Peer-To-Peer (P2P) loans and manage everything in one place.
RCN is powered by its own open-source blockchain lending and borrowing protocol, which in turn runs on the Ethereum network. Composed by a modular set of smart-contracts, the protocol’s current version RCN Protocol v4.0 “Diaspore" allows its users to denominate, collateralize, receive, repay, fund, transfer and collect loans. In addition, it is compatible with a wide variety of Oracles, Loan Types and Backings.
Who Are the Founders of RCN?
RCN was founded by Ripio Group's CEO, Sebastian Serrano. He's a tech entrepreneur from Argentina. In 2013 he launched the digital platform Ripio, offering fiat-to-crypto brokerage and a full suite of fintech solutions for consumers.
RCN born in 2017 with the intention to bridge the gap between credit supply and demand across borders, creating a new ecosystem of decentralized lending and borrowing solutions for multiple stakeholders. The Credit Marketplace allows lenders worldwide to reach attractive lending opportunities, while borrowers around the world can enjoy requesting funds on their own terms by posting crypto-collateral. RCN also provides flexible access to global credit supply to a variety of entities beyond retail borrowers.
What makes RCN unique?
RCN’s unique proposition lies in these three factors:
- Financial Efficiency: Peer to Peer Loans have no spread between borrowing and lending APRs. Now lenders can earn more while borrowers pay less.
- Customizability: Peer to Peer Loans allow that borrowers can choose their own APR. Being the one that decides how they will pay to borrow.
- Stability: More important Peer to Peer Loans’ APRs don’t vary during their term. Now they can know how much they will pay from the first day to the last.