Fantom (FTM) Has Grown Significantly Since Partnership With Request Finance

February 24, 2022 3:12 pm Comments

Last year, Request Finance’s app was launched on the Fantom network which allowed users of the app to be able to track, generate, and pay invoices that were made within the Fantom ecosystem.

The company had announced that this would be a significant milestone for both as the two companies would be able to benefit each other by combining their user bases and create a convenient protocol to use for everyone.

Since that launch was completed, significant growth was recorded for the Fantom network where the number of unique Fantom wallet addresses has increased by a whopping 440% to a total of 1.9 million wallet addresses.

As a result, it is now estimated that the network now has around $9.2 billion in total value locked showing how far the partnership has come for Fantom and its native token FTM.

CoinTelegraph reports:

During this period, Fantom has relied on Request Finance to manage payments for its expanding team of employees and contractors.

Similarly, the projects flocking to Fantom for its low fees and fast-transaction finality are also increasingly using Request Finance to streamline invoicing and support its decentralized autonomous organization’s (DAO) treasury management through integration with multi-signature wallets such as Fantom Safe.

Fantom wants to continue supporting its rapidly growing community of builders and users in the Fantom ecosystem, helping project teams easily manage and keep track of payments made on the Fantom network.

“Request Finance has greatly helped reduce Fantom Foundation’s operational overhead.

It has made working with contractors, grantees and many others incredibly easy and efficient,” said Simone Pomposi, chief marketing officer of Fantom.

Request Finance makes it extremely for users to keep a record of all their past payments and also export that data to external third party systems such as Xero or Quickbooks.

Request connects directly to the Fantom wallets that it detects in a particular user’s account so that multiple accounts can easily be attributed to a single user.

As a result, this takes out the headache that some wallet users have to deal with when they have to remember multiple wallet addresses if they do happen to have more than one wallet.

CoinTelegraph shares additional info:

Request Finance is a suite of financial apps helping companies, DAOs and freelancers easily manage their crypto invoices, payroll, expenses and other payment requests in a compliant, professional and secured way.

Send and receive payments in 60-plus cryptocurrencies and stablecoins, 10-plus fiat currencies and 10-plus blockchains. Payments can be settled in cryptocurrency while denominated in fiats such as U.S. dollars or euros.

Track, verify and organize all payment requests in one dashboard. To learn more about Request, visit Request.Finance.

Fantom is a fast, scalable and secure layer-1 Ethereum Virtual Machine-compatible platform built on a permissionless asynchronous Byzantine fault tolerance consensus protocol.

On Fantom, transactions are confirmed in one second and cost a fraction of a cent. Speed, low transaction costs and high throughput make Fantom ideal for decentralized finance applications and real-world use cases.

Due to the current record of growth of the Fantom network, it is expected in the long-term that FTM will continue its bullish trend despite the current bear market setback that the overall crypto market has experienced since the beginning of the year.

Organic growth of the ecosystem will be the key indicator that investors will keep their eye on despite current market conditions.

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