CandleFocus Argentine Exchange Ripio Announces Defi Credit Card
2024-09-16
Author: Content Editor
Argentine exchange, Ripio, has developed a Visa-backed decentralized finance (defi) credit card that allows users to use their crypto as collateral for purchases. The card, currently in testing, will borrow up to 30% of the capital locked in the liquidity pool, rather than automatically selling the owned cryptocurrencies. Ripio and Compound will host the liquidity pool, which will support various cryptocurrencies as collateral. The CEO and co-founder of Ripio, Sebastian Serrano, stated that the card will be tested with users before opening it up to everyone.
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