Request Network is a decentralized commerce network for the requesting of payments. This network allows users to both send and fulfill payment requests over its network without involving any other third parties. All records are permanently saved by smart contracts on the Ethereum blockchain to fight fraud and assist in auditing and accounting processes. A trade law system is integrated into the system and it is compatible with all legislative areas and currencies. None of a user’s banking or credit card information are sent to merchants, providing users with a layer of privacy. The Request Network API allows itself to be integrated into Internet of Things devices, thus opening up a whole new world of possible use cases.
Request Network (REQ) Ethereum tokens are used to pay network fees and give access to advanced features.