The solution can benefit all involved parties, reward users for Repo tokens that can be used to purchase goods and services, and make the risk session process more efficient.
In turn, this will make asset recovery cheaper for lenders, who are experiencing an increased need for these services. Additionally, Repo tokens will be used to give back to the community in a meaningful way by allowing token holders to vote for a family or individual in need of a vehicle, which will then be given away by Repo Coin up to once per month.
By using blockchain technology and building a strong, supportive community of users, Repo Coin aims to make a positive impact on people’s lives while also revolutionizing the auto repossession process in order to meet the demands of today’s auto lending economy
They will then be able to have a trusted repossession company recover the vehicle for them through the Repo Coin platform, eliminating the need for contracting and negotiating with the repossession company directly.
ADVANTAGES OF REPO COIN © Repo Blockchain LLC R REPO COIN Additionally, lenders will be able to follow the asset recovery process in real time, using GPS tracking which will allow them to see how far the vehicle has traveled and when it has arrived at its intended destination, leaving less opportunity for the vehicle to be tampered with or degraded before it has been returned.
For more info visit their website at http://repocoin.io/
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