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/biz/ - Business & Finance

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8855890 No.8855890 [Reply] [Original]

REQ+Digix partnership allows people to pay each other in tokens representing real gold (and exchangable for real gold)

EVERY person on /pol/ should support Request Network simply for BTFOing Jews as REQ allows crypto to be backed by the gold standard.

It's over, REQ has won.

>> No.8855920

>>8855890
https://blog.request.network/request-network-partners-with-digix-to-allow-invoicing-in-gold-39417eeb74c5

>"Soon all users of the Request Network will be able to request an invoice to be paid in DGX tokens, which are backed by 99.99% gold cast bars from London Bullion Market Association (LBMA)-approved refiners on a 1:1 basis, where 1 token is backed by 1 gram of gold. Having gold-backed tokens available as an invoicing option allows users to receive and send payments in a stablecoin, whose value is not subject to the high volatility of the cryptocurrency market or to foreign exchange fluctuations."

RIP Jews, Everyone holding REQ now is already rich.

>> No.8855974

Literally dumps again after the news. Dead coin manipulated by whales, sad

>> No.8856003

>>8855920
So did we win?

>> No.8856078

>>8855890
Yet another cash out use case for REQ:
1. Invoice yourself for DGX
2. Pay using shitcoins
3. Receive DGX, redeem for real gold
4. Sell gold for cash

>> No.8856105

>>8856078
For now you can redeem real gold only in Singapore

>> No.8856140

>>8856078
Huh? Who do you think trades your shitcoins for gold? This just gives you an option to PAY an invoice with DGX.

>> No.8856185

>>8856140
REQ allows you to exchange any token for any other token as it'll exchange them for their $ values behind the scenes.

So if your dogecoin is $0.05 and you want to buy Garlicoin that is at $1 you can exchange 20 dogecoins for 1 garlicoin.

What that anon is suggesting is that you exchange your X shitcoins for DGX and then exchange the DGX tokens for physical gold that you then sell for whatever fiat you want.

However I disagree since REQ will also add the option to exchange ALL your shitcoins for whatever fiat you want directly.

>> No.8856215

>>8856185
REQ isn't an exchange dingus, why not just use kyber which is what req does anyway.

req itself is useless

>> No.8856240

>>8856003
Pretty much yeah. Dont forget anyone can write DApps on Request which use these partnerships

>> No.8856250

>>8856215
Because with REQ you can set it up as a payment instead of an exchange which has all kinds of legal/tax significance.

So if you own a business it might be more lucrative to pay yourself using a payment portal instead of exchanging your money.

Sure for the average joe with 100 shitcoins this isn't an option but I was just replying to that anon why it has that specific usecase.

>> No.8856308
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8856308

>>8856250
>Business pays itself instead of exchanging money
>Possible means IRS get less money
>IRS: oh he used REQ, pack it up boys, this is legit
How would this not be money laundering?

>> No.8856351

>>8856308
Because there are different rules for private persons and business income.

Also IRS is US only which is less than 10% of the cryptocurrency community.

>> No.8856419

>>8856351
Yes, but if you're funneling private money that you haven't claimed or paid taxes for into a business that is the very definition of money laundering.
Find me another country where this is legit and the gov't just doesn't care about the taxes they're owed.

>> No.8856555

>>8855974
>What is a bear market?

>> No.8856661

MY REQY STAYS SKETCHY $100 EOY

>> No.8856830

>>8856555
nice

>> No.8856921

>now I won't have to sell my req for btc to buy off jmbullion when we bullrun again

How many oz of Au will 15k req get me one day?

>> No.8856936

>>8855890
Is 50k enough lads?

>> No.8856937

>>8855890

How is this even legally possible?

>> No.8856945

Volume is increasing every day
higher lows
lower highs
fundamentals improving
work being delivered
partnerships being announced
mainnet live and burning reqs
dapps coming to fruition

>mfw my req is super ereqt!

>> No.8856960

>>8856921
Since the supply of REQ is dropping if you hold long enough (multiple decades) you will hold the majority of REQ tokens which will be worth multiple hundreds of billions if not trillions by then.

>> No.8856974
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8856974

When do I FOMO in? At 1$? I don't want my sats to bleed but I don't want to miss the train

>> No.8857036

>>8856945
only thing that's not improving is the price....why...

>> No.8857043

>>8857036
lurk more faggot!

>> No.8857057

>>8855890
Are you telling we don't need ShitChain? Hope linkies stay away from my Req.

>> No.8857065

>>8856974
Naaah thats way too low to buy in... wait until 1.80-2.45$ to really catch the top, then sell the immediate reversal

>> No.8857570

>>8856308
It is lol

>> No.8857711

>>8856078
If you still think you can use req to avoid taxes your a delusional douche