THELOGICALINDIAN - n-a
Request Network, the acquittal arrangement that allows anyone to accelerate or appeal cryptocurrency payments, clearly launched today on mainnet afterwards a acknowledged ICO aftermost year.
The startup, which was backed by the Y-Combinator accelerator, promises to bear banking transfers at a atom of the amount of acceptable coffer fees, with a cap of $1.50 per transaction.
Request Network has been advised as a belvedere on which developers can body their own banking applications; and to activate addition in the association the aggregation additionally appear a $30 actor admission affairs for developers, broadcast over bristles years. An application for funding additionally went alive today.
“We’re actual aflame to see the means in which developers affix with the technology, and use it to accomplish cryptocurrency payments mainstream, both B2B and B2C,” said Vincent Rolland, the company’s advance developer.
In adjustment to accomplish the arrangement attainable to these new applications, the code is accessible source and auditable.
The antecedent acquittal adjustment will be alone Ethereum, with abutment for Bitcoin and added cryptocurrencies – alike authorization currencies – on the development roadmap.
Request Network use cases accommodate basal affairs such as sending money amid accompany and family, and affairs and affairs appurtenances online. The aggregation envisages a “Pay with Request” button that could co-exist with the befalling to pay via acclaim card, money alteration service, or PayPal.
The aggressive advantage of application blockchain technology, however, is absolutely bright – with arrangement costs alignment from 0.005% to 0.1% the account undercuts competitors by orders of magnitude. Bank capacity or agenda advice would additionally accidental – a simple archetype illustrated on their website shows how a merchant (Amazon, in this instance) ability advance the appeal to a user’s phone, area it would be accepted after administration acute information. The transaction would again be logged on Appeal Network’s abiding ledger.
The account comes beneath than a anniversary afterwards Appeal Network announced a partnership with Big 4 auditing close PricewaterhouseCoopers (PwC). The purpose of the accord is to advice audience access able casework and onboarding ability accompanying to amalgam blockchain into their business.
The REQ token, a top 100 crypto, ailing at over $1.07 in January; but like the blow of the cryptocurrency bazaar it has alone decidedly back then, and at the time of autograph was trading at $0.19, suggesting a bazaar cap of about $127M.
