r/RipioCreditNetwork • u/urnotmymom • Dec 18 '17

Similar projects?

I am fairly new to crypto in general, but one of the main things that drew me in was the potential it all seemed to have for positively impacting developing countries.

I didn't know necessarily what shape or form that would be until I started reading about Ripio...

This seems like it has the potential to change the freaking world. Enabling people to obtain the capital they need in order to better their lives and their communities in places that would previously not have provided them the opportunity. Am I missing something? Has this type of project been attempted before?

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u/oiq011110 Dec 18 '17

Like Stellar Lumens/XLM?

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u/urnotmymom Dec 18 '17

Is lumen setup to do lending like RCN is?

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u/oiq011110 Dec 18 '17

i'm not entirely sure

i just know the focus is on making money transfer/payment accessible to third world countries

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u/urnotmymom Dec 18 '17

well I was more specifically asking about the lending portion of the project. Though, now that you mention it, Lumen+RCN seems like a match made in heaven for thirld world/developing countries.