marumaruNFT (MARU)
Gnosis (GNO)
aelf (ELF)
dogwifhat (WIF)
Starknet (STRK)
cDAI (CDAI)
Huobi BTC (HBTC)
Ripio Credit Network Price (RCN)
$0.0032558
0.14%
Ripio Credit Network Price Chart (RCN/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 Huobi Global |
RCN / BTC | $0.00344010 | 0.83% | $804 | |
| 2 |
 Bancor Network |
RCN / BNT | $0.00323072 | 0.62% | $157 | |
| 3 |
 YoBit |
RCN / USD | $0.00000720 | 63.19% | $19 | |
| 4 |
 HitBTC |
RCN / BTC | $0.00334059 | 6.88% | $0 | |
| 5 |
HitBTC |
RCN / USDT | $0.00330879 | 9.09% | $0 | |
| 6 |
YoBit |
RCN / WAVES | $0.00000587 | 58.76% | $0 | |
| 7 |
HitBTC |
RCN / ETH | $0.00192313 | 52.63% | $0 |
RCN Price Statistics
- Ripio Credit Network Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $6,916
- Market Cap Rank #1598
- Market Cap $1,728,340
- Volume / Market Cap 0.0040
-
All-Time High
$1 -99.39%
Jan 10, 2018 -
All-Time Low
$0 8,180.11%
Oct 28, 2017
Ripio Credit Network (RCN) Cryptocurrency: A Comprehensive Overview
Introduction
Developed to revolutionize the lending system, Ripio Credit Network (RCN) is a cryptocurrency that aims to create a global credit network platform powered by blockchain technology. With the goal of making credit more accessible and affordable for users worldwide, RCN offers the potential to reshape the traditional lending industry.
How Does RCN Work?
RCN operates on the Ethereum blockchain, utilizing smart contracts to facilitate peer-to-peer borrowing and lending. It acts as an intermediary, connecting lenders and borrowers directly, reducing the need for traditional banking institutions.
Through the RCN platform, borrowers can access loans in the form of digital assets, and lenders can provide funds and earn interest on their investments. The smart contracts manage the loan agreements, ensuring transparency and security for all participants.
The Benefits of RCN
1. Decentralized: As a cryptocurrency, RCN operates on a decentralized network, eliminating the need for middlemen and enabling direct lending between individuals across the globe.
2. Accessible Loans: RCN aims to provide loans to individuals who are unbanked or underserved by traditional financial institutions, giving them access to credit that they might not have previously qualified for.
3. Reduced Fees: By cutting out intermediaries, RCN reduces fees associated with loan processing and approval, making it a cost-effective alternative for borrowers.
4. Global Reach: The RCN platform has the potential to connect lenders and borrowers worldwide, making credit accessible on a global scale.
The RCN Token
To fuel its platform, RCN operates using its native token, also called RCN. The token is ERC-20 compatible and serves various purposes within the ecosystem.
For borrowers, RCN tokens act as a medium of exchange when repaying loans, while lenders can utilize tokens to receive interest payments and other rewards for providing loans.
Conclusion
Ripio Credit Network (RCN) cryptocurrency presents a promising solution to the challenges faced by the traditional lending system. By leveraging the transparency and security of blockchain technology, RCN aims to provide accessible and affordable credit solutions on a global scale. With its decentralized approach and native token, RCN has the potential to reshape the lending industry, benefiting both borrowers and lenders.