REQ+Digix partnership allows people to pay each other in tokens representing real gold (and exchangable for real gold)
EVERY person on Jow Forums 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.
Other urls found in this thread:
blog.request.network
twitter.com
blog.request.network
>"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.
Literally dumps again after the news. Dead coin manipulated by whales, sad
So did we win?
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
For now you can redeem real gold only in Singapore
Huh? Who do you think trades your shitcoins for gold? This just gives you an option to PAY an invoice with DGX.
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 user 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.
REQ isn't an exchange dingus, why not just use kyber which is what req does anyway.
req itself is useless
Pretty much yeah. Dont forget anyone can write DApps on Request which use these partnerships
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 user why it has that specific usecase.
>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?
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.
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.
>What is a bear market?
MY REQY STAYS SKETCHY $100 EOY
nice
>now I won't have to sell my req for btc to buy off jmbullion when we bullrun again
How many oz of Au will 15k req get me one day?
Is 50k enough lads?
How is this even legally possible?
Volume is increasing every day
higher lows
lower highs
fundamentals improving
work being delivered
partnerships being announced
mainnet live and burning reqs
dapps coming to fruition
>mfw my req is super ereqt!
Since the supply of REQ is dropping if you hold long enough (multiple decades) you will hold the majority of REQ tokens which will be worth multiple hundreds of billions if not trillions by then.
When do I FOMO in? At 1$? I don't want my sats to bleed but I don't want to miss the train
only thing that's not improving is the price....why...
lurk more faggot!
Are you telling we don't need ShitChain? Hope linkies stay away from my Req.
Naaah thats way too low to buy in... wait until 1.80-2.45$ to really catch the top, then sell the immediate reversal
It is lol
If you still think you can use req to avoid taxes your a delusional douche