What is Request Network Req crypto? — adidaswilson

Request Network (REQ) is a decentralized payment platform built on the Ethereum blockchain that aims to simplify and streamline cross-border and cross-currency transactions. The platform’s primary goal is to provide a seamless, secure, and cost-effective way for individuals, businesses, and institutions to request and process payments. In this comprehensive guide, we will explore the fundamentals of Request Network, its token REQ, the technology behind the platform, use cases, partnerships, and its potential future impact on the world of finance.

Background and Founding

Request Network was founded in 2017 by Christophe Lassuyt and Etienne Tatur, both of whom have extensive backgrounds in finance, technology, and blockchain. The project was developed as a solution to address the limitations and inefficiencies inherent in traditional payment systems, such as high transaction fees, lack of transparency, and slow processing times.

The team behind Request Network conducted a successful Initial Coin Offering (ICO) in October 2017, raising approximately $33.6 million in the process. The ICO saw the introduction of the platform’s native utility token, REQ, which plays a crucial role in facilitating transactions and incentivizing users within the Request Network ecosystem.