Ripio

The RCN Network

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.