WELCOME TO THE RCN NETWORK, FRICTIONLESS DEBT MARKETS, BLOCKCHAIN GLOBAL LENDING
RCN is an open-source global credit network that connects lenders, borrowers and loan originators on the blockchain to create frictionless, transparent and borderless debt markets.
The Network
In an increasingly globalized world, RCN harnesses blockchain technology to bridge credit supply and demand across borders, creating a new ecosystem for decentralized debt products.
CREDITORS
The decentralized marketplace allows lenders to reach the most profitable debt markets around the world, no matter where they are.
ECOSYSTEM
The network connects credit markets’ stakeholders with key Decentralized Finance service providers, including ID verifiers, scoring agents and exchanges.
ORIGINATORS
The platform provides financial institutions, fintech lending companies and blockchain startups with access to global credit supply.
Characteristics
Blockchain technology allows the RCN network to outperform existing lending solutions by creating a frictionless, transparent and completely borderless alternative to traditional debt markets.
Frictionless
By reducing fees and eliminating entry barriers the network increases efficiency throughout the lending process.
Transparent
RCN smart-contracts ensure non-custodial storage of all funds and full auditability of every transaction.
Borderless
The network seamlessly connects borrowers and creditors from all around the world.
Meet the decentralized marketplace
RCN credit marketplace is mounted on top of a state-of-the-art decentralized application (dApp), which combines the usual tools and features of digital lending platforms with all the transparency and security of the blockchain.
RCN Token
The RCN token is an Ethereum smart-contract that sits at the heart of the RCN protocol, acting as a vehicle that allows value to seamlessly travel through the blockchain across borders and between currencies.
Using a series of Liquidity Pools, the funds provided by a Creditor in another cryptocurrency can be exchanged by RCN, broadcasted to the blockchain and finally exchanged again for the Borrower’s currency of choice.
The whole transaction takes place in just a few seconds and does not involve any fees, regardless of where the Creditor and the Borrower might be at the time of the operation. Moreover, as the funds are never stored in proprietary third-party wallets, security and transparency are guaranteed at every step of the process.