Request Network Collaborates With Chainlink for FIAT-CRYPTO Payment
Request Network, a blockchain based suite of financial applications dedicated to crypto first companies announced integration with Chainlink the most active at trusted oracle network to enable crypto payment for invoices denominated in fiat like US dollars or Euros. By leveraging Chainlink’s widely used Price Feeds, Request is able to offer an automated and decentralized fiat-denominated crypto payment solution with its Request Invoicing app. Now, users have strong assurances that they are receiving a fair amount of crypto assets (such as $ETH or $REQ) at the time of invoice payment.
Crypto-native and non-crypto native companies can now use Request Invoicing to maintain their accounting in fiat currency, both simplifying the auditing process and ensuring regulatory compliance with existing accounting systems.
Request Network integration with Chainlink oracles is already live on the Ethereum mainnet, meaning users can start creating fiat-denominated crypto invoices today with Request Invoicing.
“Integrating Chainlink Price Feeds into the Request Ecosystem was an extremely simple process. It allowed us to quickly expand our product offerings to include a very requested feature, the creation of crypto invoices denominated in fiat currencies. With the adoption of Request Invoicing rapidly growing, this integration provides us with the oracle infrastructure we need to take our user experience to the next level, both for crypto and non-crypto native companies”— Christophe Fonteneau, Request’s Head of Strategic Partnerships
Request Network goal is to onboard the entire crypto ecosystem and create a highly trusted solution for B2B payments while retaining full compatibility with the existing compliance legal structures of today.
ABOUT CHAINLINK
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
ABOUT REQUEST NETWORK
Request (REQ) is a blockchain based suite of financial applications dedicated to crypto first companies. Its first product, Request Invoicing, allows anyone from freelancers to small businesses and organizations to create, store and access invoices and receipts in a universal, decentralized network. Users can easily send professional, secured, compliant invoices and receive payments in traditional currencies like USD and EUR — or digital currencies such as USDC, DAI and USDT among many others in the list.
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