Celsius Network is developing an Ethereum-based lending platform. They aim to replace banks as centralized loan providers, and to allow cryptocurrency holders to earn returns by lending. Through the Celsius Wallet, users will be able to lend and borrow coins at significantly reduced rates compared to traditional financial institutions. The Celsius App is available on iOS and Android, and enables users to send funds with no fees.
Ripio Credit Network is a blockchain protocol for the lending industry. RCN connects lenders and borrowers anywhere in the world, and facilitates loans in any currency. RCN's goal is to lower fees and costs with a decentralized tokenized lending process, but maintaining an intermediary agent in order to manage the credit risks involved in lending and to handle certain aspects of debt collection. The network is powered by the RCN token.