What is Request Network?

Request Network is a decentralized payment protocol that enables secure, transparent, and automated transactions across blockchains. Launched in 2017, Request Network allows users to create, send, and receive payment requests without relying on third parties.

Built on Ethereum, Request supports crypto and fiat-based invoicing, cross-border payments, and on-chain accounting. Request Network's native token, REQ, is used for governance, transaction fees, and staking rewards.

How is Request Network useful?

Request Network provides trustless, automated invoicing and payment processing, eliminating intermediaries and reducing transaction fees. Businesses use Request Network for crypto invoicing, payroll, and accounting automation, making it an essential tool for DeFi projects, freelancers, and enterprises.

The REQ token secures the network and facilitates governance, staking incentives, and payment validation.

How does Request Network work?

Request Network operates as a decentralized ledger for payment requests, where users can generate invoices, track payments, and settle transactions on-chain. Payments are processed peer-to-peer, ensuring security, transparency, and cost-efficiency.

The REQ token powers the network by covering transaction costs, incentivizing validators, and enabling governance participation for protocol upgrades.

Request Network milestones

• Launch of Decentralized Payment Requests: Enabled automated invoicing and payment tracking.

• Integration with Multiple Blockchains: Expanded support beyond Ethereum for cross-chain transactions.

• Adoption by Enterprises and DeFi Projects: Strengthened use cases in payroll, accounting, and B2B payments.

• REQ Token Utility Expansion: Enhanced staking, governance, and fee distribution mechanisms.

• Growth of On-Chain Financial Services: Increased adoption in decentralized finance and Web3 payment solutions.

Request Network continues to streamline global payments, offering a secure, efficient, and transparent financial infrastructure for businesses and individuals.

Buy Request Network (REQ) on BITmarkets.