The Request Network is a decentralized payment system based on Ethereum, where anyone can request payment and receive funds in a safe manner. It eliminates the need for trusted third parties to offer a cheaper, more secure payment solution , and the solution is available in all global currencies.
The Request Network are also combined with legislation around the world to maintain compliance with the trade laws of each country. In addition to payment, the requesting network also uses the invariance of the blockchain to generate accurate auditing and accounting services.
In short, the requesting network is struggling to compete with PayPal for the purpose of becoming the world’s premier payment system. However, it goes far beyond this. The request network is intended to cover all types of payments (invoices, internet of things, B2B, government, etc.) throughout the payment lifecycle – from initial request to all post-accounting transactions.