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Digital currencies are very high risk. Do not invest money you can’t afford to lose. Please consider the suitability of crypto for your individual position before trading.
What is Request (REQ) and how does it work?
Request is a blockchain-based payment network, according to CoinGecko. It enables anyone to create, store, access, and fulfil invoices in a universal, decentralized environment. The protocol initially made waves back in 2017 as the first initial Coin Offering (ICO) incubated by the storied YCombinator.
REQ is the network’s native currency. It’s a governance token (granting voting rights) that’s also used to make payments. Moreover, REQ serves to secure the protocol by way of validator staking.
Request aims to store payment requests/invoices on a decentralized and immutable ledger. Traditionally, digital invoicing services require payment information to be stored within two distinct data ecosystems, one maintained by the payer and the other by the receiver.
By leveraging the powers of decentralized technology, Request is able to create an environment in which invoice data lives in just one singular place. According to Messari, this enables Request to act as a “single source of truth,” removing many of the inefficiencies associated with more traditional ways and means. These solutions are geared toward enabling anyone to not only create, request, and maintain digital invoices, but also pay/get paid in a wide range of digital assets, including ETH and BTC.
As of April 2022, Request’s services were being leveraged by Maker, Aave, and The Graph.
How to buy Request (REQ)
With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet.
Nothing could be easier.
Here’s how fast it is to get started:
1. Go to Uphold.com and click sign up.
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
Just start trading.
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