Tropykus finance - DeFi on Bitcoin with Social Impact

April 8, 2021

A recent arrival in Latin America, Tropykus finance is a decentralized finance protocol that seeks to connect the Bitcoin community with citizens in emerging economies to offer them better access to intuitive and fair financial products.

Tropykus's goal is to use the potential of Bitcoin to drive change in the financial situation of emerging countries, starting with Latin America. This will be achieved by connecting people who want to make a return on their Bitcoins with people who need access to credit with better conditions than those currently offered by traditional banks.

Mauricio Tovar said, “We founded Tropykus with the idea of providing a solution for citizens in the region to have access to credit at competitive rates, which the traditional financial market does not offer. On the other hand, bitcoiners who participate in our platform will benefit by receiving a return and will be able to contribute to fairer credit access. Both categories of users win and Tropykus connects them.”

Tropykus is developed based on RSK smart contracts, aiming to unite both worlds in a transparent, decentralized way, respecting users' privacy and giving them full control of their assets to manage them flexibly and at all times.

Diego Gutierrez Zaldivar, RSK’s co-founder and IOVlabs’ CEO commented, “We are proud that Tropykus has chosen RSK for the development of its platform and are very happy that new solutions are being added to provide fair and inclusive financial alternatives in regions where they are most needed, as is the case in Latin America.”

The platform will be available in the testnet environment from April 12 so users can test it at no cost on operations. In May it will be launched in a productive environment on the main RSK network. Initially the platform will have RBTC, DOC, RIF and USDT for its deposit and loan services. Tropykus will be evolving its functionalities in the coming months with the contribution of users and the community in order to connect its services with local currencies in different Latin American markets through partners.

The Tropykus team is led by Mauricio Tovar, Mesi Rendón and Diego Mazo, who believe that Bitcoin is a driver of change in emerging economies that need alternatives to the status quo in the financial sector.

About Tropykus

At Tropykus finance we offer simple digital lending and credit products focused on emerging economies. We seek to incentivize bitcoiners in that as they earn financial returns from their bitcoins, they also help Latin Americans access fair lending, through the strengths of decentralized finance.

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About RSK

The RSK network is the world’s safest smart contract platform, secured by the incomparable hashing power of Bitcoin, through merged mining.

RSK’s goal is to add value and functionality to the Bitcoin ecosystem by supporting smart contracts, near-instant payments, and greater scalability.

The network scales up to 100 transactions per second without sacrificing decentralization, and it reduces storage and bandwidth through probability verification, fraud detection and more.

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