What is RNC? RCN is an open source global credit network that connects lenders, borrowers and originators on the blockchain to create frictionless, transparent and borderless lending markets. RCN Credit Marketplace is a proprietary decentralized application (dApp) that allows users to access the RCN Protocol and connect with its features. Combining digital lending and lending tools with all the transparency and security of blockchain, RCN's credit marketplace enables lenders to make decentralized finance (DeFi) and centralized finance (CeFi) loans, borrow from peers (P2P), and manage everything. RCN runs on its own open source blockchain lending and lending protocol, which itself runs on the Ethereum network. The current version of the RCN Protocol v4.0 "Diaspore", consisting of a modular set of smart contracts, allows its users to name, guarantee, receive, pay, finance, transfer and collect loans. In addition, it is compatible with a wide variety of oracles, types of loans and means. Who are the founders of RCN? RCN was founded by the CEO of Ripio Group, Sebastián Serrano. He is an Argentine technological entrepreneur. In 2013, he launched the Ripio digital platform, which offers fiat-to-crypto brokerage and a full suite of fintech solutions for consumers. RCN was founded in 2017 with the intention of bridging the gap between credit supply and demand across borders, creating a new ecosystem of decentralized lending and multi-stakeholder credit solutions. The credit market allows lenders from all over the world to attain attractive lending opportunities, while borrowers from all over the world can enjoy requesting funds on their own terms by publishing cryptocurrencies. RCN also provides flexible access to credit provision to a variety of entities in addition to retail borrowers. What makes RCN unique? The unique proposal of RCN lies in these three factors:
- Financial efficiency: Peer-to-peer loans have no difference between the loan and the loan APR. Now lenders can earn more while borrowers pay less.
- Personalization: Peer-to-peer loans allow borrowers to choose their APR. Be the one who decides how they are going to pay to borrow.
- Stability: the APRs of the most important peer-to-peer credits do not vary during their term. Now they can know how much they will pay from the first to the last day.