Review on Ripio Credit Network by Syed Adnan
P2P credit network.
It is a worldwide P2P credit network that facilitates connections between creditors and orrow lenders around the world in any currency based on smart deals signed. It enables people around the world to access and provide credit. The token is a generic ERC-20 token.
This protocol includes smart contract technology that is embedded in the Ethereum blockchain which facilitates P2P facilitation without having to pay big transaction fees charged in the 2-way banking process.
Pros
- It is a protocol that uses smart contracts and blockchain technology together to create a framework with increased transparency and reliability in credit and financing.
- It is a strong credit network and wants to go into a global solution for lending and borrowing.
- It is proud of a simple network design and value proposition, coding an outdated old credit management strategy.
- Its network incentives are easy to understand. With the evolution of the market, there should be an incentive to continually attract and retain agents.
Cons
- The decision to invest in tokens is subjective and solely depends on what a user wants to play in the market.
