We are thrilled to introduce a partnership with RCN, the innovative global credit protocol that is set to improve the world’s access to digital payment alternatives.

RCN

Starting out as a Bitcoin credit and wallet service in Latin America in 2013, the crypto company Ripio soon rose to prominence as one of the most groundbreaking blockchain companies in the region with over 140,000 users. Riding on the wave of their initial success, the company has now set its sights on the global digital economy with the launch of its spring off project called RCN which is a peer-to-peer global credit protocol that uses cosigned smart contracts to connect lenders and borrowers anywhere on the globe on any currency.

Such a network has the potential to democratize as well as grow the digital economy through increasing credit access for borrowers, neutralizing default risk for lenders, and reducing asymmetric information between network agents. The increased reliability and transparency of credit and lending will lead to the improvement of livelihoods and the emergence of new, creative projects that might not have secured funds through traditional banking systems. We are honoured that RCN has chosen us as the engine to power this vision.

Kyber Network will provide the conversion services (as an on-ramp and off-ramp partners) necessary for credit exchanges and wallet providers to integrate the RCN protocol and participate in the RCN network. Once the RCN network protocol is fully deployed in Q2 2018, both parties will pilot-test and further advance the integration of exchange partners and wallet providers.

The initial market focus of this collaboration will be on Asia’s emerging blockchain space, including China, Hong Kong, Vietnam, Philippines, Taiwan, Singapore, South Korea, India, and Indonesia. We are grateful for the opportunity to grant more users access to Kyber Network’s token conversion service and to help RCN pave the way for greater financial inclusion.