Bob requests payment from Alice, then prepares an (invoice) request and sends it to the blockchain; Alice's wallet recognizes the Request and completes the transaction.
When Bob is on Amazon, and Alice is making a purchase, Amazon creates a Request on the blockchain, which Alice's phone analyzes and identifies, notifies her, and she agrees to pay.
Because there is no standard format or link between the services, this scenario is not possible today. Thus, it is essential to either share banking information or employ a third party that is common to both companies.
The blockchain is the ideal platform for building an open-source, long-lasting, intelligent, and unchangeable system, and such a platform is provided by Request Crypto.
Request protocol was established to assure the Request Network's stability and performance criteria. This network is a decentralized payment system based on Ethereum.
It enables anyone to make a payment request and safely receive money. It also did away with the need for third-party oversight. This is significant since it is one of the most efficient ways to lower transaction costs.
Keep reading to understand more about Request crypto and Request price prediction 2021 and for the next five years.
The Request Network's performance and stability are ensured by the Request (REQ) utility token, which was introduced in 2017. Christophe Lassuyt and Etienne Tatur are the creators of Request. The Request Network is an Ethereum-based decentralized payment system that allows anyone to make a payment request and securely receive funds.
It does away with the need for third parties in order to deliver a more cost-effective and secure payment option that works with all worldwide currencies.
When users file a payment request, they specify which address the payment should be sent to and how much it should cost. The user can additionally specify the payment terms and conditions, converting a simple request into an invoice. After that, the user can share their payment request with their counterparty.
Request payments are made by simply issuing an invoice through the blockchain. The counterparty may then detect the request and pay it in a peer-to-peer way with a single click.
One of the Request's primary advantages is that payments are generated via a push mechanism rather than a pull mechanism. Users are not required to share their account information with others. The implementation of blockchain technology also reduces transaction costs by eliminating the need for third-party processors.
Every step is documented and saved on the Request network, making it simple for everyone involved to keep track of all invoices and payments for accounting purposes.
Let’s see REQ price prediction for the upcoming years.
As of February 2021, the circulating supply of Request (REQ) is 999,912,165 REQ, with a maximum supply of 999,983,984 tokens. It has yet to break the $1 mark since its launch in 2017.
In fact, you could get it for less than $0.05 a token not long ago. However, the volume of trading has changed everything. The Coinbase listing drew a lot of attention and the coin’s price increased around 200 percent more interest than usual.
Anything is possible if trading volume maintains near that level. In a short span of days, Request crypto might surpass the $1 milestone.
The sections below outline the REQ coin price prediction for the next five years.
Request is trading at $0.22 as of September 21, 2021, a price change of 1.13 percent. The REQ price is predicted to cross an average price level of $0.24 in 2021, with a minimum price value of $0.24 expected by the end of 2021. Furthermore, REQ has the potential to achieve a maximum price of $0.26.
In March 2022, the price of the REQ coin is expected to be $0.32, before falling to $0.29 in November 2022. However, based on the technical analysis, the maximum price of the Request crypto for 2022 should be $0.41.
The REQ coin will be worth $0.32 by the end of April 2023. The value of the REQ currency will decline to $0.38 in July 2023, allowing investors to sell the token.
The REQ coin, on the other hand, will rise to $0.43in December 2023. Yeah! time to make profits.
The price of the REQ coin will hit $0.46 in early January 2024, before declining to $0.36 in September 2024. Furthermore, the REQ coin will be worth at least $0.4 by December 2024.
The REQ coin is expected to be worth $0.48 in February 2025, and $0.55 in July 2025. REQ coin holders will receive $0.58 in December 2025.
Request price prediction by well-known media portals is explained in the following section.
In the next five years, the price of Request coin will reach $0.84, according to Wallet Investor. The revenue is estimated to be roughly +376.4 percent if you plan to invest in the Request crypto for five years. In 2025, your present $100 investment may be worth $476.4, based on Wallet Investor's analysis.
According to Digital Coin Price, the Request coin is predicted to trade at $0.26 by the end of 2021. The price of the REQ coin, on the other hand, will reach $0.58 in the next five years.
According to Gov Capital, the REQ coin will be pierced at $0.29 on May 31, 2022, then rising to $0.53 on August 4, 2023.
In December 2024, the Request cryptocurrency will hit $1.001, and by the end of December 2025, it will have climbed to $1.37.
Ethereum is doing great things by being the 'World Computer'. The crypto projects built on Ethereum are changing the way how users interact with financial services.
Request Network (REQ), supported by Y-Combinator, touts itself as a decentralized network for payment requests.
Without the use of a third party, the request can be detected and paid in a secure manner. Requests are kept on an immutable ledger that serves as a single point of truth for accounting and auditing.
According to our 2021 REQ coin price prediction, Request crypto could plummet to at least $0.24 by the end of December 2021. However, keeping bullish intentions in the mind, the price of the REQ coin may trade at $0.5 by the end of 2025.
As always, we recommend that you do your homework before investing in crypto assets!
The Request Network, a protocol for creating and requesting payments, is powered by REQ, an Ethereum token. Request Network transactions are immutably recorded, and requests are processed without the use of a middleman.
The Request Network also has the advantage of working with currencies from all around the world. It isn't just about cryptocurrencies or fiat money. It converts US dollars into the Great British Pound (GBP) and anything in between. Furthermore, it's a powerful network with a wide range of capabilities.
According to price forecasts from the top media publications, the Request coin will be worth $0.24 by the end of 2021, according to Request price prediction 2021. The REQ coin's value could rise to $0.53 by the end of December 2025.
Cryptoknowmics encourages all readers to make logical investments based on their own research. This post is not intended to be considered as providing trading advice. Each investor should undertake considerable research and get aware of local constraints before committing to an investment.