Ripio Credit Network is a start-up that began operating out of Argentina and has now succeeded in "enabling anyone to provide loans and access credit globally."
The business brings together the financial world, including creditors, fintech companies, financial institutions, Decentrlized Finance service providers, and more. It does so through the implementation of a blockchain-based business model that is "frictionless, transparent, and borderless." This is guaranteed through the reduction of fees and the elimination of entry barriers, as well as the availability of a "non-custodial storage of all funds."
Ripio Credit Network's business relies on a cutting-edge decentralized application that is secure. The company has entered a partnership with MercadoLibre -- which is an e-commerce giant in Latin America, to facilitate the efficient transfer of funds between all participating parties. The company also boasts opportunities for the use of blockchain in the region.