1. Project Introduction
Repo Coin, a platform that uses stellar protocol for token operation as a replacement for the usual ERC20. The project belongs to the car repossession industry. It was developed by a number of professionals with extensive knowledge of the industry. The major aim of Repo Coin is to solve problems that are relating to insecurities of non-payment by the borrowers towards finance companies with the aid of technology and business solutions.
Repo Coin's strategic goal is to decentralize the entire process thereby taking it beyond traditional practices that consumes time and efforts. With the aid of blockchain and automatic digital license plate number reader technology, the project will provide an end to end technology solution. Repo Coin will incorporate blockchain technology to the lending and service market.
2. How Repo Coin Works?
- Download Repo Coin's mobile app once its available and scan license plates in any public space.
- If a license plate is tagged for repossession, an alert is sent to the app user, the lender, and the vehicle recovery agent.
- A recovery truck is dispatched, and the process to return the vehicle to the lender is immediately underway.
- Earn REPO tokens as the means of consumer loyalty program rewards.
3. Useful Links
