Request Network (REQ)
What is Request Network?
Request Network is a modern type of digitized payment that allows anyone to request a payment, on an invoice, for which the recipient can pay in a secure way. It is built on top of the Ethereum network meaning it is an ERC20 token.
All data on this platform is stored in a decentralized authentic ledger. The end result is a cheaper, easier and more secure channel of payments. This makes room for a wide range of automation possibilities.
Anyone can therefore request peer to peer payments on the decentralized platform. This makes business to business or business to client invoicing easier and cheaper as well. It is only a matter of time before this network impacts existing online payment systems such as PayPal, Stripe and powerhouse credit cards institutions, like Visa and MasterCard, by providing a cheaper and faster alternative.
Founder: Christophe Lassuyt, Etienne Tatur
Release Date: 20/10/2017
