Ripio Credit Network (previously known as BitPagos) has announced the results of its token sale and distribution. RCN raised the funds needed to hit its targeted maximum of $37 million (121,300 ETH).
Investors from 25 countries have participated, with the majority of token purchasers based in Hong Kong, Japan, South Korea, Canada, Australia, Ukraine, and Russia, including such funds as FBG Capital, Alchemist Ventures Founder Steven Nerayoff (Ethereum, Lisk, Bancor), BlockTower Capital, Blockchain Financial Service and Blockchain Investors Consortium.
“The original idea of Ripio Credit Network was to widen financial inclusion by extending credit lending globally. The success of our earlier pre-sale and today’s token distribution validates investor enthusiasm, as well as the importance of our mission for development of the world economy. The support, not only for our platform but for our mission, is truly inspirational and an unforgettable benchmark in the evolution of the lending infrastructure”, says Sebastian Serrano CEO and co-founder of Ripio Credit Network.
Legal Risk Factor Beneath Ripple’s Lawsuit from SECGo to article >>
Huobi.pro will be the first liquidity provider of the RCN exchange. Huobi.pro is seeking to provide liquidity to other credit exchanges and wallets provider from Asia that will integrate the RCN protocol within Q1 and Q2 2018.
“Ripio is a good example of an intelligent contract application due to their entrepreneurial experience and user bases,” Huobi Blockchain Application Research institution commented.
The company has also announced that it is working on partnerships with wallet providers, credit exchanges and financial institutions from emerging markets like India, Mexico, South Korea, Philippines, Vietnam, Malaysia and Africa.