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Request Network (REQ)
Enabling A Global Cooperative Financial System.
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Request envisions a "global cooperative financial system", where people and organizations are "in full control over their financial data and choices". Put differently, the Request Protocol is an interface connecting siloed financial systems and enables users to request payments ranging from simple peer-to-peer payment requests to full business invoices.
Businesses who wish to integrate with Request Network can do so via: (1) a REST API, (2) running a network client, or (3) operating a network node.
REQ tokens currently act as a utility tokens, granting access to payment requests. Request Network further plans to require REQ stakes to operate nodes, embed governance rights into REQ and provide further discounts against REQ payment.
The underlying technology of Request Network is the Ethereum blockchain and a private IPFS network to store transaction data.