Request Network Officially Launches Their Financial Applications Technology On The Ethereum Blockchain - The Anticipated Y-Combinator Backed Project Is Enabling Businesses And Consumers To Formally Request, Send And Receive Payments In Cryptocurrencies Like Bitcoin And Ether, And Allow For Developers To Build Decentralized Financial Applications

Request Network, a Y-Combinator backed project, has officially launched a financial applications technology that allows anyone to easily request and send cryptocurrency payments for goods, services, or simply conduct money transfers between friends, family and businesses.

Request Network acts like a management hub to handle invoices, with everything stored on an immutable blockchain ledger to allow for formal accounting and auditing.  This opens cryptocurrency invoicing and payments to be used more easily in a business setting.  The technology offers a wide range of use cases including but not limited to sending payment requests, invoicing, auditing, accounting and fundraising. From empowering NGOs to providing budget transparency, Request Network’s potential applications are extensive. Network usage cost of the Request Network are between 0.1% – 0.005% with a maximum of 1.50$ per transaction, a fraction of banks and money transfer services.