RCN to give virtual land owners access to credit

Ripio Credit Network has partnered with Decentraland, a virtual reality platform powered by the Ethereum blockchain
19 December 2017   1076

Yesterday Ripio Credit Network (RCN), a global peer-to-peer credit network based, which are backed by Ripio, announced that it has partnered with a virtual reality platform powered by the Ethereum blockchain called Decentraland.

RCN partners

Recently RCN announced partnership with Aelf and FBG Capital to build a virtual Silicon Valley, where projects can form collaborative workspaces, hold Meetups, announce breakthroughs directly to their communities, connect with a global investor base, and interact with potential partners. It is stated that it will also serve as a hub for blockchain enthusiasts around the world.

We’re very excited to work with the RCN team. By integrating our services, Decentraland users will have newfound access to credit, augmenting their ability to invest in their virtual endeavors.

 

Ari Meilich

Project Lead, Decentraland

Decentraland users are already using cryptocurrency to purchase virtual land. Under the partnership, companies intend to find a way to give landowners access to credit, for instance using other digital assets as collateral, would allow them to expand their businesses and offerings at greater speeds.

Our goal is not just to build new standards in global credit services, but also to give birth to a global lending ecosystem that can connect people on any currency, no matter if they trade in the real or the virtual world. Our alliance with the Decentraland team is a huge step towards this objective.

 

David Garcia

SVP, Ripio Credit Network

The implementation of the RCN protocol into Decentraland is expected by the second quarter of 2018.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   59

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.