Ripio Price for today is $0.07. Its current circulating supply is RCN 999,942,647.35 with a market cap of $35,510,953.56.
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Ripio Credit Network (RCN), launched in 2016, is an open blockchain-based platform connecting lenders, borrowers and loan originators to create transparent and borderless debt market. Participants interact with each other via Ethereum smart contracts. The technology facilitates P2P lending between parties from all over the world and in every currency.
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RCN token supports value throughout the ecosystem. The value of token itself directly correlates with to its demand. The funds provided by a creditor in another cryptocurrency could be exchanges to RCN, transferred to the blockchain and converted back to the borrower's preferable currency. The transaction is almost instant and fee-free. The funds are never stored in proprietary 3rd party wallets.