Ripio Credit Network (RCN) & Argentina’s Naranja Credit Card Brand Partner

Blockchain Partnership Between Argentinian Credit Card Firm And Ripio

Argentinian leading credit card company Tarjeta Naranja (Orange Card) is set to get into a partnership with Ripio Credit Network (RCN) in a bid to investigate the new credit services provided on its blockchain. The two have already signed a Memorandum of Understanding (MoU) and are looking forward to launch the new project at the beginning of 2019.

Who Are RCN?

RCN provides a platform that gives users scoring services and a web wallet. It uses smart contracts to match lenders to borrowers. The partnership with Naranja will provide them with an avenue to create a peer-to-peer network for Naranja clients. According to Ripio Credit Network Chief Executive Officer, most people in Latin America do not have access to financial applications. More than 65% of people in the same region lack financial services and those that have pay for them dearly. With RCN, many people will get these services at affordable prices. RCN seeks to change the lives of ordinary people in South America.

Naranja, through RCN, will be the first company to provide blockchain lending services. These services are expected to be much cheaper than traditional lending institutions such as banks and microfinance institutions with the assistance of APR. Here are some of the features users will expect to find on RCN

Wallet Providers

They broadcast smart contracts generated by the system with information on borrowers together with their credit results.

ID Verifiers

They check the identity of every borrower and their details before giving a green light as a security measure.

Scoring Agents

This works as a rating platform. It collects information of the borrowers from traditional and non-traditional sources and provide a credit rating for each.


This is a security feature that cushions lenders against bad debts. It improves the conditions of the contract and retains access to the borrower’s local legal system insuring the loan in case a debtor fails to pay.

Credit Exchanges

These are the smart contracts that match the lender’s offer with the borrower’s requests. The contracts are generated by the wallet provider.


This is the pricing feature that sets the price of the RCN token and determines the exchange rate at the time of executing a loan.

Mastercard is also looking forward to follow into Tarjeta Naranja foot steps to use blockchain for credit card accounts. They have already applied for a patent for secure verification of credit card data. This patent is a wait and see whether the company will proceed with the project, but it is a promising idea.

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