Request Network (REQ) is a decentralized payment system protocol based on Ethereum. Request allows anyone to easily and securely create and receive payment requests. The system offers a cheaper and more secure payment solution that works with all global currencies by eliminating the need for trusted third parties.
Request Network also complies with the trade laws of countries. Another notable feature of Request is that it goes beyond simply providing a payment service and produces accurate audit and accounting services by leveraging the immutability of blockchain technology. A user creating a request on the network can make a payment/invoice request. All steps are documented and stored on the Request Network.
Although it competes with PayPal to be the world's number one payment system, Request Network stands out by providing every stage of a payment cycle, from the initial request to accounting. Request Network aims to offer services in all types of payments, from government payments to invoice payments.
The native utility token of Request Network, REQ, is an ERC-20 token.

The process of requesting and receiving payments in the Request Network is simple. The creditor sends a request invoice to the payer through the blockchain. The payer identifies this invoice and makes the payment with a single click. The money is transferred to the creditor's account.
Although this is a simple peer-to-peer payment example, Request Network offers more to its users. It can be used for online shopping payments, business-to-business invoicing, and Internet of Things (IoT) payments.
Request Network increases security and speed in payment services by using decentralized networks like Ethereum and IPFS. However, this brings along transaction fees. That is, all transactions made on the Request Network have a cost, albeit small.
After the payment request is published on the network, the transaction fee given during the request creation is sent to a smart contract on the Ethereum network. All transaction fees paid during the creation of the request are accumulated in this smart contract called "Burner."
Request Network consists of three layers: Core Layer, Extensions Layer, and Applications Layer.
The Core Layer is the foundation of the Request Network and automatically detects invoices based on ERC-20. It can detect other invoices as well, but this requires an Oracle. This layer manages the simplest types of payments.
The Extensions Layer manages more advanced payment conditions such as taxes, escrows, and advances. These are added as extensions to standard invoices. In the Extensions Layer, developments can be made by both the Request team and external developers.
The Applications Layer is located outside the blockchain. Third-party applications can connect to this layer to interact with invoices or view related information. This layer also has a reputation system to reduce phishing attacks and detect those who do not pay accepted invoices on time.

REQ, the native utility token of Request Network based on ERC-20, provides various advantages to its holders and the Request Network platform. These advantages include:

Transaction fees in the Request Network are accumulated in an Ethereum-based Burner smart contract and are periodically burned. This reduces the total number of REQ tokens in existence.
The maximum supply of REQ tokens is 999,983,984 REQ.

In Turkey, buying Request (REQ) with Turkish Lira is surprisingly easy and fast. You can buy Request (REQ) without needing any technical knowledge or official documents.