The Request (REQ) token powers the Request Network, a decentralized payment system built on Ethereum. It enables users to create and share payment requests, which function as invoices with defined terms. All transactions are immutably recorded on-chain, providing a transparent and secure ledger for accounting and auditing.

This system facilitates peer-to-peer payments without intermediaries, reducing costs and eliminating the need to share sensitive account information. By leveraging blockchain technology, it offers enhanced security, privacy, and global compliance. The platform uses transaction fees to maintain network consensus.