The Request Network Foundation promotes the adoption of blockchain by providing a framework which allows everyone to develop their own financial solutions based on the Request Network technology. The Foundation establishes a standard for blockchain transactions, shaping the future of payments (i.e. invoices, loans, payments, salary, donations) and their compliance for accounting, tax and audit integration.

The Request Mainnet launched exactly two weeks ago. Since then 107 requests have been created. With the Request Network protocol live, you can send and receive payment requests to anyone. As a merchant you can now implement cryptocurrency payments on your website by using the Payments solution here.

Have you tried making your first request yet? Try it out now!

Partnership with Digix allows paying invoices with gold!

Request Network partners with Digix to allow paying invoices with gold

With great pleasure we’ve announced our partnership with Digix Global, an asset tokenisation company that brings real gold to the Ethereum blockchain in a fully transparent and secure manner. Due to this partnership we will see the gold-backed Digix gold (DGX) tokens available as an option for invoicing on the Request Network. This will allow anyone in the world to digitally send and receive invoices which can be paid with real gold!

More information about this partnership can be read in the official press release here.

Using tokenized gold (DGX) to pay invoices allows you to pay in a currency which is rather stable compared to volatile cryptocurrencies.

This is a solution for when we are reluctant to use a bullish cryptocurrency to pay invoices. Instead we can now choose to pay with democratized tokenized assets such as gold.

Kickstarting the Request Network crowdfunding Decentralized App (DApp)

A fully decentralized solution to raise cryptocurrency funds

Raising funds through crowdfunding has seen a large surge of interest lately. New ways to raise capital by using cryptocurrencies has proven to be successful and is now often used for Initial Coin Offerings (ICOs).

However, there is still no all-in-one solution that both allows cryptocurrency payments and is easy to integrate. Many companies struggle with the technicalities of managing cryptocurrencies to raise funds. Current crowdfunding solutions have high fees and an intermediary that controls your information. As we’ve explained in our last update of March, we want to take a role in decentralizing the way crowdfunding works today. We are currently building a crowdfunding DApp on top of the Request Network protocol.

The objective of this DApp is to provide an easy way to raise funds and/or donations paid with cryptocurrencies. The DApp will allow anyone to set up a crowdfunding campaign that is either campaign-based (within a specific timeframe) or continuous (open until paused).

Built on the Request Network protocol, there are two main advantages of the DApp: