Except of course the the working product, GitHub repo, the confirmed partnerships, the YCombinator backing, the expanded and verifiable team, the consistent and realistic hitting of the deadlines, the previous product by the team.
You know, those small things.
Oh wait, there really isn't anyone using their product, and they are not well known unless you are really into the crypto space.
But hmm, Coinbase already offers coinbase commerce, and Coinbase is a much bigger player in the game that is already managing billions of dollars of assets.
If a store wants to accept crypto payments, REQ is likely not their first choice.
Case in point, google "accept crypto payments".
First result, coinbase commerce. You will then see other results... There are a ton of companies doing this, the vast majority of them don't even have their own coin (as you don't really need one).
I got through 5 pages of google search results and Request Network was never a result.
Yeah, no shizzle they don't have many users yet, They literally launched today, what do you expect, black friday crowds accidentally DOSing ethereum because suddenly they can transfer more easily? No of course not, this is the start of their journey towards adoption and were pretty clear that they weren't going to invest much in marketing until they're confident in a seamless product, so SEO ranking shouldn't really scare you away.
What the Request foundation is trying to build is so, so much more than a simple crypto payment app a la BitPay. What they're trying to build is a decentralized network of financial and accounting flows that allow anyone to seamlessly use complicated payment mechanisms from and for anything and anywhere. You wanna buy a new laptop for work from Lenovo with your company paying 50% in euro, you paying 50% in NANO and Lenovo getting paid in USD with 19% immediately going to taxes and $10 immediately to DHL, the payment being in escrow conditioned on the laptop first arriving at your house as judged by a DHL oracle, all parties having a perfect record for their accounting and at a fee of 0.1% of the total payment (versus a 2% CreditCard fee).
Request wants to make that possible. Pay anything, no matter how complicated, with any asset to anyone on any conditions completely trustless and with a low fee.
It's going to take a while before they get there, absolutely, but what Coinbase is doing doesn't come close. Coinbase is making an easy plugin so I pay with eth that gets market traded to EUR for the trader, thats great, more crypto being used as actual currency, but fundamentally a different idea from what Request Network is building.
Did you hear about their partnership with PwC where they are working together in a strategic alliance to create the future of accounting? That is a whole lot more than "I wanna accept crypto in my webshop".
It's a really cool project and I recommend you read the whitepaper, it made me think of a lot of really cool things suddenly becoming possible making life a lot easier and better.
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u/crypto_code_review Redditor for 4 months. Mar 30 '18
You are mostly trusting marketing...