"Request Network (REQ) has been dubbed PayPal 2.0 by some...but many do not realize it is much more." What do you guys think?
That analysis comes courtesy of Spec Rationality a couple months ago... http://ift.tt/2ksFMmt
A pretty comprehensive review of the pros and cons at time of ICO is here... http://ift.tt/2kLBXJ9
Pros
- Many use cases, including payment requests, auditing, invoicing and donations to NGOs
*Team is one of the only coins backed by YCombinator (and is also loosely working with ING Bank, though it is not an official financial backing according to my research)
*The inherently linked Request platform will allow businesses to utilize it for paying salaries, payments, auditing, accounting, funding etc. (assuming devs built these dapps).
*Active reddit community (r/RequestNetwork) and +20,000 Slack users
*Is working closely with QuantStamp, another YCombinator company
*Aims to discuss secure request system with Worldbank, IMF, ECB and UN by 2Q18
*Colossus Update, full working alpha, will be launched within next two weeks before next dev update
*Is tradable on Binance and just cracked the top 85 in coin market cap, yet remains fairly lowly valued with a $101M market cap
Cons
*We are still early in the roadmap
*REQ does face some competition from OmiseGO (OMG), though it's possible the two will complement each other. Good read on this here: http://ift.tt/2vStskl
*There are also traditional competitors like PayPal and Venmo
*May face regulatory challenges
What do you guys think?
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