The Request protocol aims to simplify, formalize, and secure financial flows on the blockchain by setting the standards for payments, invoicing, accounting, and auditing in cryptocurrencies. This will allow crypto-enthusiasts to invoice, get paid, and even receive their salary in crypto.

What impact does Request have on the way we exchange money from a user perspective?

It empowers users to easily make transactions on the Blockchain and get paid in cryptocurrencies and fiat-currencies.

It disintermediates payment requests: no more third-party apps are needed to send an invoice or make an online payment such as Paypal, Stripe, or any accounting software. Request makes the payment experience seamless.

It makes payment flows secure and more user-friendly: sending cryptocurrencies in its current state is far from easy or reassuring for most people. With Request, the payer no longer has to be afraid of submitting a wrong recipient address as s/he doesn’t need to initiate the payment anymore. Request very much facilitates the payment flow and improves the user experience. Also, financial information isn’t shared anymore by using the Request protocol.

It allows users to exchange multi-currencies: currently, Request allows payments in ETH (Ether). In Q1 2018, Request will also allow payments in BTC (Bitcoin) and ERC-20 tokens. In Q2 2018, payments in fiat money will be allowed.

It increases the chances to get financing and investment from third parties: users can improve their credit score thanks to the reputation system for “good” and “bad” payers.

What impact does Request have from a business perspective?

In addition to the points above, Request also impacts the way businesses exchange money: