The Request Network's performance and stability are ensured by the Request (REQ) utility token, which was introduced in 2017. The Request Network is an Ethereum-based decentralized payment system that allows anybody to make a payment request and receive funds in a safe manner. It removes the requirement for third parties in order to provide a cheaper, more secure payment solution that works with all global currencies.
Request payments are made by simply issuing an invoice over the blockchain; the counterparty may then detect the request and pay it in a peer-to-peer way with a single click. One of Request's primary benefits is that payments are produced via a push mechanism rather than a pull one. Users are not required to share their account information with others. The implementation of blockchain technology also reduces transaction costs by eliminating the need for third-party processors.
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