Review on Ripio Credit Network by erdi yılmaz
Ripio Credit Network
Ripio Credit Network connects the supply and demand of debt markets and enables smooth loan utilization cases.
Ripio Credit Network is an open source credit network that connects borrowers and lenders on the blockchain to create unlimited debt markets.
Transactions occur in just a few seconds and do not include any fees during the transaction, regardless of where the Creditor and Borrower are located. Also, since the funds are never stored in registered third-party wallets, security and transparency are guaranteed at every step of the process.
Pros
- The decentralized market allows lenders to access the world's most profitable debt markets wherever they are.
- The network connects stakeholders of credit markets with key Decentralized Finance service providers, including authenticators, scoring agents, and exchanges.
- The platform provides access to the global loan offering to financial institutions, fintech lenders, and Blockchain startups.
Cons
- There has been a decrease in the price recently
- Position in the market is not good enough
