Blockchain and cryptocurrency startup Ripio Credit is moving forward with its plans to use the blockchain to usher in a newer, lower-friction way of banking.
The Buenos Aires- based startup, formerly known as BitPagos, will be debuting its “Ripio Credit Network” in November 2017, a platform that will use the Ethereum blockchain to connect borrowers and lenders around the globe, using any local currency.
Fitting for a cryptocurrency and blockchain startup, Ripio has also announced an ICO, or Initial Coin Offering, pre-sale in order to help fund its new projects and platforms. The pre-sale begins today, and the ICO proper will begin on October 17th, 2017.
Ripio’s goal is to use the blockchain to circumvent some of the bureaucracy involved in credit one might see in traditional banking; it’s new “Network” should allow the startup to expand out of its nation Latin America market.
Read more at TechCrunch and CrowdfundInsider.