Request Invoicing Review: Pay and Get Paid in Crypto

February 16, 2021

When it comes to running your business there are a number of different things to keep in mind. One of those is just how you’re going to conduct your business and how you’re going to take and send payments. For more traditional businesses this is generally done through credit card and cash payments. However, traditional businesses are no longer the only way. And modern businesses are beginning to accept cryptocurrencies.

When it comes to taking crypto payments, however, businesses need to have a more unique processing and invoicing structure, and that is where Request comes in. This service is designed to offer a high quality, easy to use method of accepting crypto without taking on too much risk in the process. Businesses are able to ensure that the customers they are interacting with are trustworthy and ensure also that the invoices they send are authentic and enforceable.

What is Request?

Request is a decentralized finance model that allows businesses and their customers to have more control over their own financial lives. It is an open network for invoicing that is free to all users and ensures payment status and invoices remain on the blockchain, making them more secure and more stable at the same time. Users and businesses can feel more confident and comfortable in the entirety of the process, because it is protected from beginning to end.

This invoicing system is entirely unique amongst other programs because of the ability to accept cryptocurrency, but it’s actually more than that as well. Request also has a few other unique aspects that make it an excellent choice for businesses that are looking to get further into the future, and attract some of the younger customers that are looking for opportunities to utilize the crypto they’ve been investing in.

https://request.network/en/

The Benefits of Request

One of the top benefits of Request is the ability to accept cryptocurrency as a method of payment. But you can actually do this in different ways. Stablecoins are beginning to join the realm of ‘normal’ payment methods and offer a safer method for businesses to start out accepting cryptocurrency, even if they are not as familiar with this method of payment. They also come in a range of different types including USDC, USDT, BUSD, cUSD and DAI. For businesses, being able to accept each of these ensure more versatility to the customer base.

For many businesses, however, the idea of accepting any type of cryptocurrency was previously impossible, especially when accountants viewed the capacity for problems, fraud and non-compliance. But with Request there is no issue of any of these things because the invoicing system provides for all required compliance. Not only that but Request offers an entirely new method of ‘checking out’ each of the potential customers that attempts to pay through this type of invoicing. This is done through monitoring the reputation of the individual to ensure that they are a trustworthy person.

Reputation is scored based on whether or not the partner makes their payments in the way they are required to. Customers or partners who do not make their payments on time will find their reputation lowered. Those who consistently make all payments on time, however, will see that their reputation improves and therefore they have even more opportunity to engage with businesses through Request invoicing. The entire concept of reputation management and tracking ensures that businesses do not have to take on an unnecessary amount of risk and that they can feel more comfortable and confident with the partners that they choose to take on.

https://request.network/en/

Request allows for businesses to make the leap from working with traditional financial institutions to working in a decentralized situation, which helps them to get on the wave of the future and to free themselves (and their customers) from the requirements of traditional financial institutions. Through the process of decentralizing, it is possible for businesses to gain as well, including allowing for fast financing, speedy payments and even more security overall. Not to mention cutting out the difficulties associated with working with a more traditional financial system or network.

You will also find that there are plenty of additional features available with Request, including partial payments and reconciliation. This makes it easier for businesses that deal in contracts or that are engaged with partners and customers who may make purchases on spending plans. Even businesses that make their own purchases via a spending plan or series of invoices may be able to do even better through the invoicing capabilities of Request. And this does not take into account the fact that payment due dates are automated and compound interest is figured automatically, taking a great deal of the work out of the process.

One of the other big benefits that many will find with Request is the fact that it allows for instant conversion of funds right at the reception. As soon as the payment is made on an invoice the funds can be converted into a different type of currency as fits the needs of the business or the person in charge of the invoice. For any reconciliation that needs to occur there is even a dashboard so you can quickly and easily match up the payments that have been made and make sure that the entire process is carried out in the correct manner and order.

https://request.network/en/

Simplifying Invoicing

Another of the most important features is that this system allows for simplifying invoicing. Even for more ‘traditional’ businesses, it is possible to create invoices and send them in a much easier method. This app is designed to make the process as easy as possible so that users can feel more comfortable and confident. This is yet another way in which Request is looking to aid businesses in making the switch from traditional financing to decentralized financing. By making the switch easy and ensuring that businesses can easily understand what is being required of them, it’s likely that more businesses will be willing to change their system.

This is especially true because invoicing through this system provides the tools necessary to ensure compliance with regulatory sources. This means that accountants for the businesses in question are also more likely to accept the requirements and to continue to work with businesses that choose to engage in this type of financing and invoicing system. Accountants are able to get all of the information necessary to file required documentation. Businesses can ensure that their invoices are compliant and can then justify the funds and the books for their business.

We work together with leading innovators and organizations in the decentralized financial (DeFi)

FIAT Invoicing

One of the most unique features of Request is the fact that it offers FIAT invoicing, especially for those who are looking to delve into cryptocurrency but are not entirely certain about what to do with it. Through this type of invoicing it would be possible to send out invoices that can be paid in cryptocurrency and then have the currency immediately transferred to fiat, or traditional, money. This makes it easier for businesses to withdraw the money into their own accounts and use it for any of the additional purposes that they may need.

Known as ‘cross-currency payment’ customers and businesses will be able to send and receive money in currency forms that work for them. For example, a business would be able to make a request for payment in USDT, a specific form of stablecoin. If the customer does not have USDT, however, they would be able to make the payment in the currency of their choice, such as DAI. Once they make the payment in DAI the currency is immediately converted to the chosen currency for the business. This allows both sides to send and receive in the format that they have, making the process easier still.

Adding On

There are plenty of additional features that will continue to be added to the service as it becomes more and more mainstream. In fact, the reputation features and invoice financing, as well as escrow are not quite live, but are expected to be available within a few short weeks at most. This will allow users and customers to have even more opportunities and to continue to develop the payment system to make sure that it works for different types of businesses and that it continues to evolve with the needs of the changing business environment.

Advancing the system of decentralized finance is something that Request is most definitely striving to do, and it’s something that business owners and customers should also be looking for. With this process it will be possible to take control of your own finances in an entirely new way and to make sure that you are able to finance and lend money back and forth as you choose, without needing to get approval from a traditional financial institution. This makes it easier and faster to get financing and because Request is based on reputation, it also provides you with a better chance of making your own impression.

https://request.network/en/

How Businesses Are Using It

Currently there are approximately 80 businesses that are using Request, and that’s only as of the end of 2020. Coming into the beginning of 2021 and moving through the year it is likely that these numbers will continue to increase. This is especially true when considering all of the features that are currently available and that will continue to become available through Request over the course of the year. Customers and businesses alike enjoy the many features like automated payment detection, improved compliance and compliant invoicing, payment safety and streamlining of the payment process.

Customers and businesses can take care of manual crypto payments and even take care of payments with only two clicks of their mouse, which makes it extremely simple to complete any type of transaction. They can also get rid of some of the danger of default through the implementation of reputation and escrow. These encourage customers to continue to behave in appropriate ways and to provide payments on time. By doing so, their reputation will improve (or remain high if they already have an excellent reputation). This allows businesses to feel more secure but also allows customers the opportunity to change and get better over time.

What to Keep in Mind

If you are looking at cryptocurrency invoicing as the wave of the future then you are absolutely right. More and more businesses are starting to look into accepting cryptocurrency because more and more people are starting to get into buying and selling it. Where once the ‘hot craze’ was credit cards, that craze is now firmly planted in cryptocurrency and to avoid getting on the bandwagon now means that you will miss out on a great deal of potential traffic for your business and attention for whatever it is you have to sell.

Getting started now also means you can jump right in with the decentralized financing system, which will put you on the fast track to getting everything that your business needs. Whether you’re looking to get financing or to give it, you can do a whole lot more when it comes to decentralized financing. You’ll be able to get everything done a lot faster and you’ll be able to feel more confident about the investments that you’re making. Getting traditional banking out of the process is just one more step in the direction of security and even more control over the future of your business. What could be better for you than that?

Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

Echo – Financial Security and Web3: Protecting Assets Through Offshore Structures

By Press Release • April 17, 2025
The launch of Echo Exchange introduces not just a new trading venue but a broader architecture for digital asset management. The project combines yield generation, community governance, and structured custody into a unified ecosystem.  As part of this infrastructure, Echo brings forward a solution designed to address one of the industry’s most persistent challenges: asset security in uncertain jurisdictions. Echo is backed by its legal designation as a Virtual Asset Service Provider under the Isle of Man’s regulatory regime. The ecosystem integrates a Protected Cell Company (PCC) structure called Echo Elite. This is an optional but pivotal component for users seeking structured digital asset custody tied to enforceable legal protections. What Echo Is Announcing As of May 2025, the Echo Exchange will be live. This launch will include: EchoX, a centralized exchange focused on accessibility and onboarding Echo’s real-yield model, distributing platform fees to token holders in USDC The initial release of Echo Elite, a PCC-based framework for asset custody The public sale of the ECHO Token, the ecosystem’s native governance and yield-bearing asset While many exchanges emphasize front-end interfaces or token incentives, the Echo’s strategy is different. The announcement centers on the full-stack design of its ecosystem - particularly how legal infrastructure underpins user protections. Introducing Echo Elite: Structured Custody Echo Elite is Echo’s most compliance-centric module. It introduces Protected Cell structures, a mechanism traditionally used in finance to isolate client assets legally and operationally. Within the Echo ecosystem, user accounts can opt into a custody model that offers greater legal clarity and jurisdictional insulation. PCCs enable the separation of Echo’s own operating capital from user funds. This becomes increasingly important as tokenized asset classes enter the platform’s offerings in later phases. This also applies to real-world asset (RWA) representations like stocks or real estate. The approach reflects a broader theme: Echo’s attempt to bridge blockchain functionality with traditional financial safeguards. Real Yield and Exchange Fee Sharing Security is only one part of Echo’s user-facing model. The ECHO Token acts as the backbone of a real-yield mechanism, wherein: 50% of all trading fees from both EchoX and Echo Pro are distributed daily to token holders in USDC. 10% of platform revenue on a daily basis will be used for buying and burning ECHO tokens. The strategy aims to gradually decrease circulating supply. This model will be non-inflationary. There will be no staking rewards of synthetics or emission of tokens. Yield will be linked straight to the platform's actual usage. This feature will make the yield more predictable and sustainable than most incentive designs in the digital asset ecosystem. Participation is simple: users activate yield by transferring tokens into a dedicated savings account inside their Echo dashboard. Funds remain liquid and accessible. The Token Structure Echo’s tokenomics are deliberately conservative. Key figures include: Total supply: 1 billion ECHO Burn target: 500 million (deflation ends at this point) Public sale allocation: 2% Community Foundation: 30% (non-transferable and permanently locked) Team allocation: 20% (long vesting schedule) Liquidity allocation: 15% Remaining tokens divided across marketing, seed investors, and gamified whitelist initiatives Importantly, the Community Foundation - which holds the largest share - operates under a binding legal obligation to never sell its tokens. Rather, it only exists on yield, which gets invested in governance-sanctioned ecologics like education, collaborations, and product development. The design intends to discourage speculation as a first point. Also, it aims to encourage long-term alignment between platform success and the fate of the token holders. A Platform Built for Traders Echo’s design consists of two interfaces: EchoX, a consumer-friendly exchange, focuses on simplicity, pair trading using stablecoins, and seamless execution. It addresses first-time users and inexperienced traders not interested in complicated trading schemes. Echo Pro, launching in Phase 2 (Q3 2025), provides advanced features for trading: charting tools, stop-loss, leverage, and API connectivity for institutional and power users. Both sites, in spite of their varying user interfaces and user bases, share a common Scala-based matching platform. This tech is optimized for concurrency, throughput, and speed. They also share backend infrastructure written in Go, with front-end deployment via Next.js for a responsive and consistent user experience. The Technology Behind the Custody Security isn’t limited to user-facing features. Echo’s wallet architecture employs: Multi-Party Computation (MPC): for distributing key control among several parties Tiered wallet models: hot, warm, and cold storage Hardware wallet compatibility Biometric access and passkey authentication AML/KYC procedures are managed by Amazon Cognito, which simplifies user identity verification. The goal is to maintain high compliance standards without degrading onboarding speed. In fact, the latter is a known bottleneck in exchanges that rely on manual reviews. Together, these systems support Echo’s goal of creating an ecosystem where users can interact securely without compromising on usability. Governance and Jurisdiction Governance within Echo relies on both ownership of the tokens and clear jurisdictions. Token holders are able to: Voting on how funds are spent in the Community Foundation. Develop and rank new product features. Approve partnerships and listings of tokens through a formal proposal procedure. But what distinguishes Echo from other projects is that it relies on legal entities to enforce these institutions. It doesn't utilize symbolic DAOs for governance or soft consensus. Rather, decisions, particularly those regarding funding of the ecosystem, are carried out by a foundation. This entity possesses a well-defined charter and binding fiduciary responsibilities. The approach emphasizes establishing trust with those who are not willing to engage with DAO-based systems that lack enforceability. Echo’s Roadmap Rollout for Echo is phased deliberately to maintain product stability: Phase 1 (May 2025): During this phase, there will be the EchoX launch, the ECHO token ICO, and the soft launch of Echo Elite. Phase 2 (Q3, 2025): Following this, there will be efforts to accomplish the full Echo Pro launch. We must include mention of trading bot implementation, community governance platform, and IEO launch. Phase 3 (2026): Derivatives trading, social trading, inclusion of real-world assets, tokenized mutual products, and securities Phase 4 (2027): Full RWA brokerage capabilities, integrated neobank products, and payment rails. All the phases leverage the preceding one by adding platform sophistication. Bottom Line Echo’s product lineup combines high-frequency trading, user real yield, and solutions that take jurisdictions into account. Echo sees itself as a platform where economic incentives and legal architecture converge. With its rollout, Echo joins a small group of initiatives that are geared towards developing new tools for trading. The team is focused on reconsidering the function of regulation and structure in crypto asset custodianship. The project’s official website is a good source of information to learn more about Echo and its growing ecosystem. You can follow the team on the social media pages if you wish to follow Echo’s development: X (Twitter) | Telegram | Discord .

Echo Sets May 15 as the Global Launch Date for its Centralized Crypto Exchange

By Press Release • April 15, 2025
Echo , a groundbreaking centralized cryptocurrency exchange, has announced that it will officially launch globally on May 15, 2025. The much-expected event is set to be a pivotal occasion for digital asset trading as Echo aims to establish a new industry standard. The community-centric platform promises a seamless user experience, institutional-grade security, and an ecosystem-driven approach.  On the same date of the launch, Echo will conduct a public sale of its native ECHO token, with 2% of the total token supply available exclusively through the platform. The proceeds should boost the project’s development following successful early funding rounds that already secured $2.5 million in support from strategic investors. Echo stands out from other centralized crypto exchanges through its ecosystem-focused model. More precisely, it is designed to thrive on users' participation, who, in turn, benefit directly from the platform's growth and activity. The exchange proposes a transparent and intuitive environment for retail and professional traders to navigate safely and efficiently. Sam Dorrer, Chief Executive Officer at Echo, commented on Echo’s community-driven approach: "Our mission is to create a cryptocurrency exchange that truly prioritizes its users. Echo is designed to be more than just a trading platform—it’s a dynamic ecosystem that fosters long-term engagement and participation." Built for Traders by Traders The rapidly evolving digital asset landscape may seem daunting to newcomers. That’s why Echo provides easy navigation features, deep liquidity, and high-speed trade execution to simplify crypto trading for its growing community. Echo does not set entry barriers and accommodates traders of all skills and experience. Beginners can start on EchoX, the platform’s user-friendly centralized exchange. Thanks to the platform's intuitive interface, they can enjoy a smooth initiation to crypto trading. Meanwhile, institutional and seasoned investors can access Echo Pro and its advanced trading tools. The platform's modular design provides real-time analytics, market insights, and strategies to help traders make better-informed decisions. Lastly, Echo charges minimal fees of only 0.1% per transaction, ensuring all casual or high-frequency traders benefit from a competitive fee structure. The ECHO Token The ECHO token is a foundational element of Echo's unique ecosystem. It is designed as a real-yield token on Ethereum and features robust tokenomics, including a fixed total supply of 1 billion tokens. The platform employs a deflationary mechanism for the ECHO token, allocating 10% of the daily revenue from both EchoX and Echo Pro to repurchasing tokens on the open market. It then “burns” the repurchased tokens from circulation to enhance scarcity and potentially ECHO’s value in the long term. ECHO token holders enjoy fee discounts, premium trading tools, and early access to new services. Moreover, they get governance rights. Therefore, they can participate in platform decision-making, such as fund allocation for the Echo Foundation. The latter will be a pool dedicated to funding growth, strategic partnerships, and other governance initiatives. Echo has allocated 2% of the total ECHO token supply for the public sale taking place on May 15, 2025. This controlled release should create scarcity and support upward price momentum while meeting public demand without diluting the token’s overall value. Revenue and Yield Generation Echo Exchange stays true to its community-focused mission by returning some trading fees to ECHO token holders. The platform distributes 50% of the fees generated from EchoX and Echo Pro as stablecoin (USDC) yields. This feature is a fundamental part of the Echo ecosystem, aligning fee generation with user rewards and ensuring the Echo community grows and thrives together with the platform. Security and Compliance Echo employs the industry’s highest security standards, including multi-layered encryption, biometric authentication, robust KYC/AML checks, and institutional-grade wallet infrastructure. These features guarantee maximum protection for Echo users and their assets. Echo operates as a designated business for convertible virtual currency under the Regulatory Framework of the Isle of Man Financial Services Authority. This status enables the platform to provide tax advantages to its EchoElite Traders under the Isle of Man PCC Structure, which means 0% capital gains tax and 0% corporate tax for crypto investments. EchoElite Traders get to keep more of their gains, accelerating the ability to compound their portfolio. The Echo Roadmap The Echo Exchange is set to follow a 3-phase development path plus a series of future integrations: Phase 1 The Launch of EchoX for basic trading and Echo Elite, with the latter providing asset custody under The Isle of Man’s PCC (Protected Cell Companies) structure. The ECHO token public sale takes place on May 15, 2025, simultaneously with the Echo exchange launch. Echo will also launch the Echo Journal to start building helpful content for its community. Phase 2 The introduction of Echo Pro for advanced trading with cutting-edge tools, such as enhanced liquidity and professional-grade functionalities. This phase will also see the expansion of yield generation models, the integration of trading bots, and additional digital asset services. Phase 3 Echo will expand into Real World Assets (RWAs) trading, leveraging tokenization to unlock traditional asset classes. At this stage, the platform will reach full integration of advanced protocols (e.g., peer-to-contract) to enhance collateralized borrowing and lending capabilities. Other planned features and integrations include: Neobank Rails will enable seamless fiat-to-token conversions with integrated banking services. Fractionalized Assets & Multi-Class Asset Choices, such as tokenizing commodities, stocks, and real estate. Collateralized and decentralized lending and borrowing capabilities through the platform’s peer-to-contract protocol. Offshore & Digitized Trust Structures will expand custody solutions via the Echo Elite framework. An Integrated Launchpad supports onboarding promising new projects to further diversify and strengthen the Echo ecosystem. About Echo Echo operates as a Virtual Asset Service Provider (VASP) for custody and exchange under the Regulatory Framework of the Isle of Man Financial Services Authority. The platform aims to reshape the crypto trading landscape through a user-driven digital asset ecosystem. Echo’s long-term goal is to establish itself as a leader in digital asset management at the intersection of traditional finance and the emerging blockchain-based economy. Echo aims to deliver a community-first trading experience that includes traders of all levels. The platform seeks to empower its members through a robust fee-sharing model, advanced financial tools, daily rewards for token holders, and maximum security for their assets. The ECHO token public sale will occur on May 15, 2025, exclusively on Echo's official platform. The organizers urge interested participants to register in advance via the Echo’s website . Since the sale follows the “first-come, first-served” rule, early registration allows investors to purchase ECHO tokens before they sell out. Those who miss out may have to resort to secondary markets, where prices will vary. For ongoing updates and community engagement, follow Echo on X (formerly Twitter) , Discord , and Telegram .

NOWNodes Comes to the TOKEN2049 Dubai Event - And You Are There with Us to Share the Journey

By Press Release • April 10, 2025
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AW8 Pro The New Upgrade of Online Casino Singapore

By Press Release • April 10, 2025
AW8 , one of the leading online casinos in Singapore, proudly announces the launch of AW8 Pro — its most significant platform upgrade to date. This milestone marks a new era of gaming excellence, offering an expanded game library, enhanced rewards, and a seamless user experience. Since its founding in 2019, AW8 has rapidly grown to over 300,000 active players by 2025, solidifying its position as a leader in the online gaming industry. Exceed 1,000 New Games  AW8 Pro has a comprehensive suite of new features that will delight loyal AW8 players and new users. The upgrade includes over 1,000 new games, expanding the already rich selection of slots and live casino games at AW8. Moreover, it includes games from trending and high-quality providers, thus enhancing the overall gaming experience. Enhance Game’s RTP Another essential upgrade is the enhanced game RTP (Return to Player) rates, now as high as 99.8%. This improvement offers players significantly better winning odds while reinforcing AW8’s commitment to transparency, fairness, and a secure gaming environment for all users. Increase Daily Rebate In addition, AW8 Pro introduces an upgraded daily rebate system, offering players up to 3% rebate automatically credited to their accounts. This enhanced feature is designed to reward players consistently, regardless of the game outcome. By putting value back into the hands of its users, AW8 reinforces its player-first approach—ensuring that every bet, win or lose, contributes to even greater long-term rewards. Upgrade VIP Program AW8 is renowned for its extensive care and appreciation of loyal users. It is an integral part of the latest AW8 Pro update through an enhanced VIP Program. More precisely, the VIP Program has been extended to include 12 levels with numerous incremental perks for those climbing the VIP ladder. For instance, the platform rewards players with an exclusive VIP Upgrade Bonus of up to SGD 5,888. Furthermore, AW8 has lowered the thresholds to enable easier access to VIP benefits. New UI/UX An improved UI/UX gives AW8 a sleek, modern design for smoother gameplay that is designed to elevate the overall user experience. The AW8 Pro upgrade also delivers faster, more intuitive navigation that will help new users find their way across the platform without any hassle. Additionally, the enhanced transaction system offers faster, more secure deposits and withdrawals, ensuring a streamlined and hassle-free gaming experience from start to finish. Overall, the AW8 Pro upgrade provides an enhanced user experience with more rewards and entertainment for new and seasoned AW8 users. The platform now ensures smoother gameplay across all devices. Users can easily switch between desktop and mobile without missing any fun. The upgrade also makes it easier for loyal members to progress and earn, thanks to the lower thresholds in the VIP program. About AW8 AW8 is a modern, all-inclusive online gaming and betting center based in Singapore. The platform has a rapidly growing user base that is attracted by the casino's player-centric approach, large selection of games, and enticing VIP program. AW8 Pro is the casino's most recent and significant update, aiming to set a new standard in the online gaming industry. The upgrades reflect the platform's inclusive mission by catering to seasoned players and newcomers. The update has improved all aspects of the AW8 casino, building towards a uniquely rewarding gaming experience. AW8 Pro is now live for anyone ready to experience the future of online casinos in Singapore.
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