Originally, Ripio had been named BitPagos.
Ripio is a blockchain-powered platform that seeks to rescue the un-banked masses by providing an alternative (better even) financial services infrastructure.
High Population of the Unbanked
The number of the un-banked people across the world is in the billions!
Also, the banked people in emerging markets find it hard to secure credits from financial institutions.
Ripio aims to solve this problem by democratizing financial services and following a general policy of the “best thing to do”.
Ripio aims to create a cheaper, faster, and more accessible financial platform using digital currencies which are much more resistant to inflation among other benefits.