Ripio credit network (RCN) is an open-source network that bridges lenders and borrowers and creates frictionless, transparent, and borderless loan markets. The network solves the problem in the traditional banking institutions and various P2P lending alternative platforms. The problems include unbanked population across the globe, focusing on geographical locations to offer credit, loans based on risk capacities, risk evaluation, etc. The Ripio credit network relies on smart contracts to ensure standardized lending through blockchain technology. The network uses Ethereum blockchain to connect credit supply and demand across borders and creates a new ecosystem of decentralized lending and borrowing solutions for multiple users. According to the whitepaper, the network aims to bring transparency and reliability in credit and lending.

The network supports both DeFi and CeFi loans, allowing lenders to access multiple lending alternatives within the platform. Also, the network supports multiple currencies for the ease of platform users to lend or borrow currencies. The P2P loans on the network remain stable during the term to receive a fixed amount from the borrowers. Moreover, borrowers can request funds in a customizable pattern, putting their needs and preferences first. The network also connects corporate borrowers with global retail lenders. RCN provides direct access to funding and removes third-party involvement. As a result, the operation and financing costs get reduced.

RCN is the native token of the Ripio credit network. Users can use RCN to facilitate transactions with other users of the network. Also, users need RCN tokens to access the Ripio credit network. The network also uses RCN tokens to incentivize platform users who participate in the network. 

Sebastian Serrano, the CEO, founded the Ripio credit network in 2016. The total supply of the Ripio credit network is 999,942,647.35309003174008 RCN.