REQis a cryptocurrency issued within the framework of the Request Network blockchain platform. Request Network's mission is to become a global platform for decentralized payments.
The priorities of Request Network are focused on creation of a peer-to-peer payment system simplifying transfers and transactions in different spheres.
Request Network platform is based on the Ethereum blockchain and aims to create an easy-to-use payment system on the basis of the proposed smart contracts. The long-term goal of the developers is to replace analogues like PayPal by switching transactions to a decentralized blockchain framework.
Request Network development is focused on the following tasks: online payments – the system assumes that there are no intermediaries and, as a result, commissions are reduced; protection of personal data from disclosure; billing – Request Network offers to replace paper and electronic receipts with smart contracts; integration into internal accounting – creation of accounting books, salary and tax registers; a simplified purchasing system based on customizable smart contract options.