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Highlights
- Request crypto, a utility token, was founded by Christophe Lassuyt and Etienne Tatur, which operates on Ethereum protocol.
- The Request crypto has seen a bullish run of late since the announcement of its partnership with metaverse project The Sandbox.
- According to CoinMarketCap, REQ is trading at US $0.715252. It had a 24-hour trading volume of US $445,093,975, with a live market cap of US $715,163,809 and a circulating supply of 999,877,116 REQ coins
Request crypto (REQ) is a utility token that was founded by Christophe Lassuyt and Etienne Tatur, and it operates on Ethereum protocol. As a decentralised payment system, the Request crypto allows the users to request payment and securely receive money. As it's decentralised in nature, it removes the third-party involvement, reduces costs and secures the payment solution which works with all the global currencies.
The Request crypto has, in fact, seen a bullish run of late since the announcement of its partnership with metaverse project The Sandbox. The announcement has seen it register gains of 213.85% at the time of writing (BST 7:00 am).
Another reason for the rally could be its tweet of making its Web3 invoicing, payroll & payment app live in the Eurozone. The companies can make bank transfers in EURO while contractors receive cryptos.
What does the Request-Sandbox partnership entail?
The Request Finance invoicing app has found many takers, including The Sandbox which has been using it since the beginning of 2021. The blockchain-based Metaverse platform seems to be impressed by Request's invoicing app and its ability to manage the extensive fiat to crypto transfer functions. However, on 23 November, it announced that Request's product would now become the core request processor for The Sandbox.
Also read: Why is VVS Finance surging today?
One of the reasons why Request Finance was chosen was largely due to its ability to provide resource-efficiency solutions and scalability solutions. Sebastien Borget, COO of The Sandbox, believed that one of the reasons why they adopted Request was its ability to provide solutions to manage invoices and how it can reduce time and cost in the process.
How is Request faring in the market today?
Request crypto is ranked 141 on CoinMarketCap. According to CoinMarketCap, the REQ is trading at US $0.715252. It had a 24-hour trading volume of US $445,093,975, with a live market cap of US $715,163,809 and a circulating supply of 999,877,116 REQ coins. At the time of writing (BST 7:00 am), REQ was up by 213.85% in the last 24 hours, with a massive spike in volume of 2210.75%.
Also read: BRD token surges over 700%: Should it be on your watchlist?
As per experts, REQ is expected to grow by 46.9% in the next five years, with its price expected to reach US $150 in the next five years. With the rise of the metaverse and blockchain-based games, the REQ is an ideal investment for investors looking for long-term gains.
Conclusion
The Sandbox partnership is a significant development for Request crypto as it would add more confidence to the investors to invest in a token backed by more prominent brands. The recent tie could also bring in more market participants with it being already listed on leading exchanges such as Binance, Huobi etc. As it doesn't require the users to share their account information, it could also bring in investors who want to make the most out of its invoicing system.
