Ripiocredit.network Website Review

rcn is a peer-to-peer global credit network protocol based on cosigned smart contracts. rcn offers a real global credit alternative, which overtakes most banking and. the rcn protocol connects lenders and borrowers all over the world in any currency. generate the smart contracts and broadcast them to the network, adding information on the borrowers and their credit requests. verify and attest the identity of each borrower as a first security measure. provide a credit score for each borrower and gather the transactional information from traditional and non-traditional sources. insure the loan in case of a default and distribute the lender’s risk by improving the contract conditions and retaining access to the match the lenders’ offer with the borrowers’ credit requests through the smart contracts generated by the wallet provider. set the price feed of the rcn token, determining the exchange rate in local currency at the time the loan is executed. although credit transactions are denominated in local currency, rcn tokens are required to access the network and facilitate transactions ripio credit network launches, aiming to attack bank loan fees in emerging markets. major credit card issuer partners with blockchain-based credit network.