Blockchain Virtual Reality Decentraland Partners with Ripio Credit Networkbr>
Blockchain virtual reality platform Decentraland has teamed with Ripio Credit Network (RCN) to allow its users to take and receive loans for owning plots of lands, as well as for the content and institutions created within the virtual world.
Decentraland is a virtual reality platform powered by the ethereum blockchain where users can create, experience, and monetize content and applications. Users within Decentraland’s public virtual world can purchase real-estate and land through the ethereum blockchain. By creating their own private property, users can create new records of ownership.
Ripio Credit Network is an ethereum blockchain-based global peer-to-peer credit protocol that connects borrowers and lenders around the globe, using any local currency. It operates on co-signed smart contracts, thus connecting borrowers, lenders, and co-signing agents. While lenders and borrowers connect via RCN tokens, the co-signer insures a sufficient volume of credit transactions to predict its own return on investment, manage the debt in the borrower’s country of residence, and collect the funds in case of a default.
Decentraland Project Lead Ariel Meilich said that they’re “really excited” to work with the RCN team. He added that RCN is “one the most interesting ventures made on crypto” and he believes that, once combined with their platform, it will bring great value and “open some really cool opportunities” to the Decentraland ecosystem.