Request Network (cryptocurrency)

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Request Network (ticker symbol: REQ) is a cryptocurrency. It was first announced on August 31, 2017 and the development team is located in France. As of December 28th 2017, the circulating supply was 640,779,733 REQ. [2]

Request Network is project that seeks to make payments between two parties easy, secure, fast and cost efficient. Using blockchain technology, Request is looking to go up against the likes of Paypal with their decentralised payment system.

This project is one of a number of emerging initiatives that are seeking to solve industry problems and pain points by using blockchain technology. The scope of Request’s vision is so large that it’s actually a little difficult to grasp at a glance.

What is Request Network (Req)

Request is a decentralized network that allows anyone to request a payment (a Request Invoice) for which the recipient can pay in a fast, secure and cost efficient way.

It uses blockchain technology to process and encrypt the transactions, meaning that the record of all transactions is secure and cannot be tampered with.

Request is designed to support global transactions regardless of location, currency, legislation or language. [16]

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