An altcoin specializing in financial services has surged after forming a new partnership with one of the most popular metaverse coin projects. Cryptocoin. com we share the details…
Cooperation with the metaverse coin from this altcoin: The price is rising
The price of the Request Network’s native token REQ rose 280 percent as news spread that the popular virtual world The Sandbox (SAND) was starting to use Request’s accounting services basket. The altcoin rallied from $0.20 to $0.76 in a matter of days. At the time of writing, the REQ is trading at $0.73. According to the Request Network website, it works towards the following purpose:
Payment experiences must be free of artificial barriers imposed by closed ecosystems. We work with leading innovators and organizations in the decentralized finance (DeFi) ecosystem to create seamless financial experiences.
Working with many networks such as Maker, Aave, Ocean Protocol and The Graph, the main features of Request Network include providing accounting tools for financial management as well as generating invoices to receive payments in different cryptocurrencies. Sebastien Borget, co-founder of The Sandbox, says that only Request Network offers the scope of solutions needed to ensure efficient workflow and uses the following statements:
Payments and accounting are challenging for large companies dealing with crypto. Making manual payments to multiple Blockchain wallet addresses and recording transactions takes up valuable time and energy from the team each month. We really needed a way to automate payments to our employees and contractors and easily account for the company’s crypto transactions and assets during annual financial audits. Using the Request Network has helped us reduce the time we spend making crypto payments by 90 percent.