Ripio Credit Network (RCN) RCN is a protocol focused on banki | Crypto Great | Bitcoin | DeFi

Ripio Credit Network (RCN)

RCN is a protocol focused on banking the unbanked via its Credit Marketplace. And its crypto exchange has grown from 400,000 users to over 1 million this year.

Around 70% of its users are from Argentina, with the remainder mostly in Brazil. Argentina’sdismal financial services are ripe ground for Ripio’s Credit Marketplace. By delivering a need in the market for loans and other basic services, it accrues value to RCN holders.

To improve the marketplace, Ripio Credit Network recently integrated Chainlink to offer more DeFi users loans in various local currencies.

Chainlink (LINK) uses oracles to leverage off-chain data from multiple sources and brings it on-chain. This means RCN can now accurately define exchange rates between different borrowing, lending, and collateralization currencies used on the Credit Marketplace.

This lets RCN focus on being a more accurate, decentralized, and secure pricing protocol for DeFi users wanting credit. With Ripio earning market share in Argentina and Brazil, it’s ready for a strong 2021.