Ripio Expands its crypto lending platform across Latin America

As reported by Coindesk – Ripio an Argentinian startup is offering peer to peer microloans to all of its 200,000 bitcoin wallet users in Argentina, Mexico, and Brazil. Ripio mentioned it has 3,000 lenders on the marketplace issuing loans for up to $730.

The distinguishing feature of the Ripio lending model is that Ripio offerings are available to unbanked crypto users. Although the startup doesn’t have data on how many unbanked users are on its platform, a survey of 1,000 Ripio users revealed 19 percent didn’t have a credit card. They often fund their wallets by depositing cash at convenience stores that partner with Ripio.

Read more at coindesk.

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