Argentinian Bitcoin Lending Venture Illuminates Global Economy

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Sebastian Serrano presents Ripio during TechCrunch Disrupt on Tuesday.Sebastian Serrano presents Ripio during TechCrunch Disrupt on Tuesday.

Sebastian Serrano, distant right, presents Ripio during TechCrunch Disrupt on Tuesday, while a row of tech luminaries listen.

At TechCrunch Disrupt New York in Red Hook, Brooklyn, BitPagos done it to a finals in a startup terrain after a Tuesday night display where they showed how they could move unsecured personal loans to a building universe with Bitcoin. BitPagos’s Sebastian Serrano took to a theatre to deliver his company’s new service, Ripio. The Bitcoin wallet can be used to compensate for products or services during any of a hundreds of online merchants that accept cryptocurrency. If a consumer doesn’t have a income for what they want, Ripio will front it and a consumer will compensate them behind in installments.

“This is outrageous for all a unbanked people opposite a world,” Mr. Serrano said. Most payments online are done with credit cards, though many people in a building universe don’t have them, a Argentina-based co-founder explained.

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