Review on REPO by Jorge Hernández
helping lenders in collection management
The main problem faced by vehicle dealers is the situation of delinquency in the recovery of the capital transferred by financing them.
To help with this collection management, the Repo Coin application was created.
This platform is incorporated into smart devices to scan the license plates of any vehicle, in order to verify if the license plate is designated in recovery, for which the user, the manager and the lender receive a notification on their device that confirms the vehicle location.
What benefits do members of the ecosystem receive?
Incorporation into the reward system under loyalty modality and obtaining REPO tokens as a reward
Receive vehicles as a gift, through a selection of written essays
Contribute to the digitization of collection management systems in an innovative and safe environment
It boosts the growth of the financing network by allowing you to recover your assets so that you can continue to grow as a company and help other people obtain a vehicle
Pros
- Allows financers to recover vehicles in default of payment
- Uses innovative technology to locate vehicles
- Use an application for smart devices that facilitates the task of locating
- Boost collection management for loans with late payments
Cons
- Limited features
- Unstable REPO currency
