“By partnering with Superfluid, the asset streaming protocol, we work on enabling streaming as a payment method for recurring invoices for all Web3 users.” - Christophe Fonteneau, Head of Strategic Partnerships & Business Development
It’s simple. Suppose you hire a team of remote developers for your Web3 project, for a monthly salary. When they come onboard, each developer on your team sends you a monthly recurring payment request via Request.
When you login to your Request Finance dashboard, you have an instant overview of all account receivable, account payable, and salaries of your team members. From there, you have two possibilities:
1) Batch payment: you can pay all invoices in one click with the batch payment feature and keeping this process on a monthly basis. This way, you have full control of your treasury, being more hands-on with your monthly payouts.
2) Payment stream: you can automate your recurring invoice payments by opening a payment stream. In this case, you will start an open-ended stream of tokens to the recipient, enabled by Superfluid Protocol. The stream will move a fraction of the monthly salary at every block, in what feels like a constantly ongoing transfer of assets such that the total monthly amount transferred targets a predetermined value.
The stream can be stopped at any time by either the customer, or service provider, and doesn’t require any gas while it’s running. But for as long as the stream is ongoing, Request will keep producing invoices on a monthly cadence and archiving them for your reference. Once the stream is stopped, you will automatically receive a final invoice showing the value transferred since the last invoice sent.
The possibilities this will unlock are endless. Any freelancer, contractor, employee, company or project in Web3 can set and send a recurring payment request once. Similarly, the payer - whether donor, subscriber, or employer, only has to start the streaming payment once. No more monthly administrative hassle required.
Request and Superfluid are working to build the best invoice payment automation in Web3. But this is just the beginning. Together, we want to streamline DAO payments, salaries, recurring subscriptions and recurring donations powered by Request Finance.
Get Early Access to Automated Recurring Invoice Payments
If you have any questions or ideas, or simply would like to be among the first to try the beta version of this new product, please sign up here to get early access or reach out to the team directly or via our Discord. Our team will be more than happy to help!
Superfluid is an asset streaming protocol that has the power to describe cash flows and execute them automatically on-chain over time in a non-interactive way. Superfluid streams are programmable, composable and modular. The first cash flow types allow constant streams of value and one-to-many distributions. All streams are settled at the same time, based on block timestamps. No capital is locked up, and all inflows and outflows are netted in real time, drastically increasing capital efficiency.
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Request (REQ) is a blockchain based suite of financial applications dedicated to crypto first companies. Its first product, Request Invoicing, allows anyone from freelancers to small businesses and organizations to create, store and access invoices and receipts in a universal, decentralized network. Users can easily send professional, secured, compliant invoices and receive payments in traditional currencies like USD and EUR — or digital currencies such as USDC, DAI and USDT among many others in the list.
To learn more about Request, visit Request.Finance