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/biz/ - Business & Finance

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10704845 No.10704845 [Reply] [Original]

https://blog.request.network/the-request-network-foundation-joins-the-accounting-blockchain-coalition-422e7e3fa048

“We are excited to join the Accounting Blockchain Coalition,” said Christophe Fonteneau, Head of Strategic Partnerships, Request Network Foundation. “With our focus on compliant transactions, the ABC will provide to us a breadth of experience to define the accounting standards of the future. We are excited to build out our accounting use case collaboratively with these experts and unlock features like real-time tax collection for governments, and automated accounting for individuals.”

>> No.10704850

>>10704845
Good news? Prepare for the dump

>> No.10704866

Literal whos, great.
>we partnered with the blockchain Singapore fanclub, we will have such fun times together! Be prepared for the dank updates, going to the cinema and the zoo together!

>> No.10704867

https://accountingblockchain.net/our-members/

>> No.10704875

>>10704845
There are people that actually believe this won't be back in the top 100.

>> No.10704905
File: 78 KB, 383x661, Screen Shot 2018-08-15 at 9.58.30 AM.png [View same] [iqdb] [saucenao] [google]
10704905

>>10704845

>> No.10704948

>>10704905
Kek that's what they dumped the tokens for

>> No.10704983

>>10704845
And down it goes. What a shitcoin

>> No.10705057

Microsoft is in this alliance. I'm unironically buying 100k

>> No.10705731

Lol. Look at the other members and associates.

Deloitte, Grant Thornton, Microsoft, Consesys.

Retarded if you're not buying this coin.

>> No.10705878

When will these idiots and their 16-year old marketer understand that the only thing that matters now in crypto is not vacuous associations, meaningless partnerships, but creating DOLLAR REVENUE using crypto.

Nothing will change for REQ until they land fiat integration and people use it.

>> No.10705992

>>10705878
Never go full retard. You're not gonna be using it you mongoloid. It will purchased by businesses and processed in the back as a fee during accounting transactions. DYOR.

>> No.10706029

>>10704866
>link partners with openlaw, a literal who
>SINGULARITY IS HERE STRAP IN

>> No.10706042

>>10705992
So request is going to be the Linux of blockchain? Everyone will use it without even knowing?

>> No.10706070

>>10706042
That is part of the aim

>> No.10706106

>>10704905
"Academic and non-profit organizations, if admitted into the ABC, shall pay 10% of the stated dues amounts."

>> No.10706470

>>10706042
You are correct

>> No.10707135

>>10706042
ding ding ding

It's the same reason why ETH has (and will continue in the long term) to rise in price and utility. Don't fall for the FUD rats spouting about cheese

>> No.10707139

>>10706070
>>10706470
REQ $70 EOY

>> No.10707200

>>10707139
Req will be the dark horse

>> No.10707282

>>10706029
Openlaw is Consensys, you dumbass.

Also, did you see the use case Openlaw has for Chainlink? Converting crypto to fucking fiat.
Let that sink in.

>> No.10708253

>>10705731

Wait really? Can you post proof of those associates?

>> No.10708285

>cue the bagholder bingo pic

>> No.10708307
File: 23 KB, 1152x285, ASSOCIATES.png [View same] [iqdb] [saucenao] [google]
10708307

>>10708253

See attached pic, or look at bottom of link.

https://accountingblockchain.net/our-members/

>> No.10708358
File: 93 KB, 1000x1000, flat,1000x1000,075,f.u1.jpg [View same] [iqdb] [saucenao] [google]
10708358

>>10708307
I bought 1000 REQ at $1

>> No.10708409
File: 46 KB, 1148x394, Working Group.png [View same] [iqdb] [saucenao] [google]
10708409

Working Group. Thomson Reuters.

>> No.10708511

Need this to hit 60 to never work again.
Promise to sell half my stack if it hits 1 dollar again tho

>> No.10708648

>>10708358
at least you didn't buy 9000 REQ at $1.

>> No.10708660

>>10708648
Just wait it to hit $70, matter of weeks

>> No.10708768

If REQ does make it, noobs gonna be mad they didn't scoop up a small amount. Seems obvious to at least by a little with all the connections they have. Risk/Reward.

Next week they are gonna show a preview of their accounting app. Guess what happens if it doesn't suck dick?

>> No.10708847

>>10708409
Bullish as fuck. Auditor here. Used audit programs and methodology from both RSM and Thompson Reuters PPC. This is starting to become real.

>> No.10708971

>>10708847
Can you explain to a brainlet why auditing would require tokens?

>> No.10709125

>>10708971
The accounting software would use Request network to distribute payments, such as wages, taxes, subscriptions, licenses, suppliers, payments to other vendors etc.

A small fee is paid on the Request Network to transfer said payments.The fee is used to purchase REQ tokens which are then burned from the supply, reducing the amount of tokens.

Request Network will be using a triple entry system when making these transactions. The triple entry system will be much easier track and much more difficult to commit fraud.

>> No.10709161

>>10704867
>>10704867
pretty based list
was expecting a ton of shit projects and chibkscams that just bought their way on

amazing how nothing seems to pump this token anymore tho

>> No.10709171

>>10709125
but all these payments will be able to be made in fiat, right? otherwise they'll have to accept DAI and deal with the hassle of trading DAI for fiat themselves?

>> No.10709225

>>10709171
dai is tokenized fiat...

>> No.10709266

>>10709171
No. They can be made in any Denomination.
Assume Company A wants Company B to pay them 1 BTC.

Company B wants to pay company A in ETH.

Assume 1 BTC = 20 ETH at the time.
Assume 1 ETH = 10,000 REQ at the time.
Assume the fee for the transaction = 100 REQ.

So Company B would send Company A 20.01 ETH through the Request Network.

Request would take the 0.01 ETH and convert it to 100 REQ on the Kyber Network. That 100 REQ would then be burned.
Request would then take the remaining 20 ETH and convert it to 1 BTC through Kyber. Request would then send the 1 BTC to Company A.

>> No.10709302

>>10709171
Yes, that is why Request is waiting on Chainlink or MKR, or any other viable option to be able to directly convert fiat.

The reason they currently cannot convert fiat directly because there are strict banking regulations. Request would have to get a banking license, which would be pretty much impossible at this point.

This is why people also see value in Chainlink. If they can solve the FIAT problem first, they will blow up.

>> No.10709385

Holy shit, there are still reqtards left??

>> No.10709394

>>10709302
god, if they solve the fiat problem.. it'll be unstoppable

>> No.10709439

>>10709385
Yes Basement Lurker.
PwC is still around.
Go back to playing WoW.