ripen

Decentralised Mortgages

Decentralised P2P lending for buying a property, using crypto as collateral or as funds!

Crypto Home & Domestic
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Not a fan of centralised finance? Bad credit score? Keep being refused a mortgage?

DeFi and property markets meet in the middle to use cryptocurrency as collateral or disbursement for a loan used to purchase a property. Property ownership is represented as an NFT on the blockchain, whilst a smart contract ensure that the NFT is transferred to the lender in the event of non-payment or default. Meanwhile the seller happily walks away with their choice of cryptocurrency, or fiat. To ensure the land registries don't have kittens, oracle ensures that any data required off chain is written/read appropriately and any legalities are taken care of.