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9995831 No.9995831 [Reply] [Original]

What would Chainlink actually do for REQ to allow it to have fiat currencies? Something about acquiring offchain data, but what does this actually mean?

>> No.9995842

>>9995831
youre seriously asking about REQ? lol. req is dead mate

>> No.9995866

>>9995842
Can you just explain it to me? I don't care about price movements right now, literally everything is down enormously and fundamentals haven't changed at all.

>> No.9995970

>>9995831
LINK fetches the exchange rate
0x or kyber does the conversion
So you can use pay by req to pay on a site using whatever you want, and the seller instantly converts to whatever they want
Example : use pay by req to buy something for $75. You send $75 worth of OMG token and the seller instantly converts to us dollar or whatever they want
Link is used to fetch real time conversion rates

>> No.9996005

>>9995866
Fundamentals for both REQT and SINK are non-existent.

>> No.9996014

>>9995831
$0.04 REQ soon

>> No.9996062

>>9995970
Okay but Link is just fetching the exchange rate, how does that help facilitate and ultimately perform the transaction? Doesn't the underlying network have to first have the ability to perform transactions in fiat currency? I can't just "send" you money without something providing me the ability to send money, like a financial institution or a private service like PayPal.

So how does Request ultimately give you the ability to move dollars or Euros, and how would conversions work under the table like that? I understand Link is necessary to say "at this point in time, 1 dollar will buy you 18 REQ tokens" or whatever, but that's only a small fraction of the total problem here.

>> No.9996097
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9996097

>>9996062

>> No.9996304

>>9996097
What? Why can't you give a serious answer?

>> No.9996322

>>9996304
ChainLink is the only token to integrate into the swift messaging system meaning it will pull the money directly from your existing bank account and make the conversion to crypto. No need for an exchange it will be the defacto crypto onramp

>> No.9996338

>>9996322
Thank you! No wonder people like Link so much. When is that piece of shit going to be ready?

>> No.9996345

>>9996338
Soon enough and once it is the rest will be history

>> No.9996375

>>9995831
They would be Chainlinked. How is that so hard to understand, retard.

>> No.9996377
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9996377

>>9996345
>>9996338
>>9996322
>>9996304

This was a nice exchange and I learned something. Thank you frens.