The launch of the Request Network payment solution in the core Ethereum network

The launch of the Request Network payment solution in the core Ethereum network


A cryptocurrency start-up Request Network announced the launch of its solution for accepting payments in the main network Ethereum.

The current version of the Request Network protocol allows:

  • Connect to the network using the Metamask wallet or the Ledger hardware wallet;
  • Create, send and pay invoices using Ethereum. In the near future, developers promise to add support for ERC20-tokens;
  • To pay one bill several times;
  • Update already sent account;
  • Check all incoming and outgoing accounts associated with the user’s ETH address.

The developers note that today’s release should be considered a beta version, but at the same time it marks the stage when the Request Network protocol will begin to acquire new functions.

Together with the launch of the main product, the mechanism for destroying the tokens was activated. Every time a user creates a request in the main Ethereum network , a commission is charged from him. The tokens thus held will be destroyed to further stimulate the development of the ecosystem.

As noted by the developers, the product presented today includes only a small part of the functionality, which, according to their idea, will have a comprehensive payment solution Request Network.

Additional features will be implemented using specialized decentralized applications. A payment application is already available, with the help of which merchants can accept payments on their websites.

In addition, the Request Network promises to develop a crowd-hosting application for the organizers of ICO, which will include all the functions related to the financing of such campaigns.

One of the interesting applications may be an application for accounting and taxation of cryptocurrency payments. It will allow, for example, to directly integrate data from merchant invoices and automatically take into account all necessary deductions and additional costs when accepting payments.

Simultaneously with the announcement of the company, the trading pairs REQ/ETH and REQ/BTC were launched on the Huobi Korea exchange.

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