What is Request?

Request is a cryptocurrency token called REQ that is used with the Request Network, an Ethereum based system for payments. In simple terms, you can create a payment request, define the payment details, and share it so the other party can pay while the steps are recorded for tracking. The Request Network is built on blockchain technology, which means transaction records are stored in a shared ledger. That ledger is maintained through a consensus mechanism, so participants can verify what happened without relying on one central party. REQ is the native utility token for using the Request Network. Depending on how the network charges fees, part of the token fees can be burned, and the token supply rules are designed to be transparent. If you are comparing assets or planning how to use crypto for payments, this page gives you an EUR focused view of Request, including its history and the fact that crypto prices can move quickly.

Request (REQ) is a cryptocurrency launched in 2017 that operates on the Ethereum platform. The Request Network is described as a decentralized payment system where anyone can request a payment and receive money through secure means. In practice, you create a payment request by defining where the payment should go and what amount is due. You can also add terms and conditions, which upgrades a simple request into an invoice like workflow. The network records steps on a blockchain ledger, so the parties can keep track of invoices and payments for accounting purposes. REQ is the utility token used to interact with the Request Network, and it is an ERC 20 token.

Start with a payment request. You define the payment destination address and the amount, then optionally add terms and conditions. Next, you share the request with the counterparty. The counterparty can detect the request and pay it in a peer to peer manner, while the steps are documented on the Request network. Because the system uses blockchain technology, the record of requests and payments is stored in an immutable digital ledger. That ledger acts as a proof trail for auditing and tracking. REQ is tied to using the network, and the platform has transaction fees. Fees are part of how changes get broadcast and included in the blockchain state, and they can also be used to incentivize consensus on the network.

Create an invoice style payment request. You define the recipient address, amount, and optional terms, which helps you share clear payment instructions. Send payment requests without sharing full account details. The workflow is designed so the counterparty can detect and pay the request using the request information. Track invoices and payments for accounting. Every step is documented and stored on the Request network, which can make reconciliation easier. Use REQ as the network utility token. REQ is used to interact with the Request Network and to cover transaction costs associated with using the system.

Push generated payment workflow: the counterparty can detect the request and pay it with a simple one click style experience, based on the request details. Invoice and terms support: you can move from a basic request to an invoice by defining terms and conditions. On chain tracking: the ledger stores steps for auditing and accounting, so you have a record of what was requested and paid. Ethereum based utility: REQ is an ERC 20 token on Ethereum, which means it fits into the Ethereum ecosystem and common wallet tooling.

The founders of Request are Christophe Lassuyt and Etienne Tatur. Christophe Lassuyt is described as the chief financial officer at Request, and he previously co founded MONEYTIS. Etienne Tatur is described as the chief technical officer of Request. He previously co founded MONEYTIS and worked as a lead developer at QOBUZ. Request was launched in 2017, and it operates on Ethereum as an ERC 20 token.

Clear invoice style workflow: you define what is owed and under what terms, then share a request that the counterparty can act on. Shared ledger tracking: because steps are stored on the network, you can keep an auditable trail for accounting and dispute resolution. Reduced reliance on third parties: the Request Network is designed to remove the need for some traditional intermediaries in payment flows, which can help reduce certain transaction costs. Ethereum ecosystem compatibility: REQ is an ERC 20 token, which makes it compatible with many Ethereum compatible wallets.

Price volatility: REQ is a crypto token, so its market price can move significantly even if the network continues to work. Smart contract and technical risk: because the system relies on blockchain smart contracts and on chain records, bugs or security issues could affect users. Fee and network conditions: the platform has transaction fees, and those costs can depend on network conditions. Regulatory uncertainty: crypto is treated differently across jurisdictions, so compliance and legal treatment can change over time.

Request operates on Ethereum and is described with tags that include payments, DeFi, and smart contracts. That positioning matters because it suggests the token is meant to be used inside payment and decentralized application style workflows. For developers and transparency, there are official resources such as a whitepaper and a GitHub repository for Request smart contracts. These materials can help you understand how the payment request system is implemented. As with any crypto asset, adoption depends on real usage, developer activity, and how the market and regulators treat blockchain based payments.