RCN coin is the token issued by Ripio Credit Network platform. Ripio Credit Network is a protocol based on blockchain smart contract technology. It has a very ambitious goal, which is to connect any two Credit lenders (borrowers and lenders) in the world through RCN protocol. It doesn't matter what country you're from or what currency you're using. Ripio Credit Network connects all subjects of the loan chain through the link of smart contract, reduces the intermediary cost and management cost of traditional banks, and ultimately provides borrowers and lenders with a better service experience.

All transactions between Ripio Credit Network agents require RCN coins: the borrower needs to pay RCN coins to the authenticator to verify identity, the Credit scorer provides the Credit rating of the borrower to obtain RCN coins, and the co-signer receives RCN coins as commission to sign the smart contract with the borrower. When the lender agrees to the smart contract listed by the credit exchange, the credit exchange will send corresponding RCN coins of the same amount as the loan amount to the e-wallet provider through the smart contract. Finally, the e-wallet provider will change the RCN token into local currency and provide it to the borrower. Since lenders need to use RCN coins to complete loan investments and network agents' fees are also paid in RCN coins, the more people use the Ripio credit network, the more valuable RCN coins are.