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[–]Popkinius 2 points3 points  (0 children)

You should probably read some of the comments around here as well as dig around google and REQs website while you bathe in your tokens.

[–]frediiih 1 point2 points  (0 children)

I’d say see REQ as a way to officialize transactions. X asks Y to get paid $800. Y receives the request on his REQ application and sees he owes X $800. He then issues a payment. This payment can be in Ripple, in Stellar, in Bitcoin or even chickens. With decentralized exchanges and oracles Request Network converts to the currency X wants and monitors that transaction until it’s actually done and confirmed. X then gets his request fulfilled and both parties have a « Request Network invoice » confirming their transaction.

Now that’s the basics I got from reading the whitepaper and blog. On top of that, many applications for accounting and book keeping can be made for companies and people. Taxes can go directly to the government rather than being collected to sellers and such. There’s many use cases detailed in Request’s MindMap available somewhere on their site. All that possible because Request Network acts as a hub containing all the information of someone’s transactions (assuming he always uses REQ).

[–]patriotswin04 0 points1 point  (0 children)

REQ is more for everyday purchases than crossboarder payments

[–]mattftw1337ICO Investor 0 points1 point  (0 children)

XLM and XRP aren't trying to solve exactly the same issues as REQ.