Blockchain and cryptocurrency startup Ripio Credit is moving forward with its plans to use the blockchain to usher in a newer, lower-friction way of banking.

The Buenos Aires- based startup, formerly known as BitPagos, will be debuting its “Ripio Credit Network” in November 2017, a platform that will use the Ethereum blockchain to connect borrowers and lenders around the globe, using any local currency.

Fitting for a cryptocurrency and blockchain startup, Ripio has also announced an ICO,  or Initial Coin Offering, pre-sale in order to help fund its new projects and platforms. The pre-sale begins today, and the ICO proper will begin on October 17^th, 2017.

Ripio’s goal is to use the blockchain to circumvent some of the bureaucracy involved in credit one might see in traditional banking; it’s new “Network” should allow the startup to expand out of its nation Latin America market.

Read more at TechCrunch and CrowdfundInsider.