Ripio Credit Network - A global peer-to-peer credit network based on co-signed smart contracts.
Ripio Credit Network (“ RCN ”) is a protocol based on smart contracts and blockchain
technology, which brings enhanced transparency and reliability in credit and lending.
The protocol enables connections between lenders and borrowers located anywhere in
the world, regardless of currency. By reducing the traditional banking brokerage costs
and management fees, RCN aims to allow better conditions for both sides, creating a
better credit alternative than anything available today. By including an intermediary
agent (the “ Cosigner ”), the RCN seeks to neutralize the lender’s credit risk and, in case
of a default, provide an alternative mechanism for managing the debt collection in the
borrower’s country of residence.
Ripio (formerly BitPagos) has been described as one of the most promising
Bitcoin-Blockchain startups in Latin America .
Ripio means “ gravel ” in Spanish. Just like gravel serves as a foundation for new
roadways, Ripio aims to build new roads throughout the digital economy. New roads
create new possibilities, and they are the key to widening access towards financial
inclusion for everyone.
Ripio’s main objective is to democratize the digital economy in Latin America ,
offering digital payment alternatives within everyone's reach in a region where 65%
remain unbanked. 
Due to its efforts toward the democratization of finance, Ripio was recently selected as
one of 2017 breakthrough brands by Interbrand.  Here’s what the global consultancy
stated on their annual report:
Harnessing breakthrough blockchain technology, Ripio is bringing financial
freedom to regions of Latin American that lack banking. It sells bitcoins in
local currencies to facilitate online transactions and easy peer-to-peer
payments, and even extends credit—no cards, accounts, or fees involved.
Ripio (which means “gravel” in Spanish) is paving the road to full financial
inclusion in a growing digital economy.
The Road of Ripio
In 2013, BitPagos started as Latin America’s first Bitcoin payment platform, offering
bitcoin-based financial services for merchants . A year later, the company launched
Ripio , a digital wallet that enables consumers to send, receive, store, and buy or sell
Bitcoin in local currency and to make online payments on thousands of websites. In
January 2017, BitPagos rebranded as Ripio.
Ripio has over 100k users in Latin America.
In 2016, Ripio launched a groundbreaking credit service (called Ripio Credit ), reaching
the finals at TechCrunch Disrupt ,  and revealing the innovative service to the world.
Ripio Credit currently extends credit to Ripio users, allowing them to finance their
online payments in installments, using bitcoin as the transaction vehicle. This
alternative credit facility is available to individuals without a credit card or a bank
account, and it represents a service that no other Bitcoin wallet company had offered
Out of an Argentina-based entity, the company loans its own funds to borrowers in
Argentina in order to provide the Ripio Credit service. The company works with local
counsel to ensure compliance with all appropriate lending, data privacy, and financial
services laws, and the company currently provides Ripio Credit services only to
borrowers in Argentina.
Ripio Credit launch at TechCrunch Disrupt
First Ripio Credit payment on the private network
RCN concept, design and research
Website launch + Whitepaper release
RCN Token sale + network release
Advanced smart contracts + network agents + SDK implementation
RCN goes live!
RCN Token Sale
The RCN Tokens will be the backbone of the Ripio Credit Network. Around the launch
of the RCN, and in order to undertake future and further development of the network
protocol, the company will conduct a Token Generation Event (“ TGE ”) and crowd sale
of RCN Tokens, where 51% of the RCN Tokens will be made available for sale.
The company intends to start the TGE on October 17th, 2017, and it will allocate a total RCN
Token supply of 1 billion as follows:
- The 51% of RCN Tokens made available for sale in connection with the TGE will
be allocated as follows:
- Up to 42.5% / 425,000,000 RCN Tokens may be sold to purchasers before
the TGE. Any remaining unsold Tokens will be reallocated and made
available to the public via crowd sale at the time of the TGE.
- A minimum of 8.5% / 85,000,000 RCN Tokens will be made available to
the general public via crowd sale, beginning at the TGE on October 17th,
2017 and lasting until the earlier of either the date 510,000,000 RCN
tokens have been sold, or November 5th, 2017.
- 15% / 150,000,000 RCN Tokens will be kept as a pool to incentivize the
participation of agents and for otherwise bootstrapping the network.
- 34% / 340,000,000 RCN Tokens will be held as a provision for partnerships,
marketing, and future RCN expenses.