Request Price

About the coin

Request (REQ) is a utility token launched in 2017, designed to ensure the performance and stability of the Request Network. This network is a decentralized payment system built on Ethereum, allowing users to request payments and receive money securely without the need for third-party intermediaries. This approach offers a more cost-effective and secure payment solution that supports all global currencies.

Main features

The Request Network allows users to create payment requests by specifying the recipient's address and the payment amount. Users can also define terms and conditions, effectively turning a simple request into an invoice. Once the request is created, it can be shared with the counterparty for payment. Each step of the process is documented and stored on the network, facilitating easy tracking of invoices and payments for accounting purposes. The network is integrated with global legislation to ensure compliance with trade laws in different countries.

How it works

Payments on the Request Network are initiated by sending an invoice through the blockchain. The counterparty can detect the request and complete the payment with a single click in a peer-to-peer manner. This push-generated payment method is a key advantage, as it eliminates the need for users to share account information. By leveraging blockchain technology, the network removes the need for third-party processors, reducing transaction costs. The network uses decentralized blockchains like Ethereum and IPFS to enhance security, privacy, and data ownership for users. Transaction fees are required to broadcast changes to the blockchain, incentivizing miners to maintain network consensus. REQ tokens can be stored in various wallets, including Metamask, MyEtherWallet, Ledger, and others.