BNB Chain Payments Now Supported in Request Finance

March 29, 2022

Amidst the excitement of being at the Binance Blockchain Week, we are delighted to announce that Request Finance now supports BNB Chain. BNB, which stands for “Build and Build”, is the blockchain gas token that “fuels” transactions on BNB Chain.

Payments in the BNB native token, as well as tokens like BUSD which operate on the BNB Network can now be used in the Request Finance app to issue and pay invoices, salaries, and more.  

The addition of BNB Chain gives crypto-native companies, DAOs, and web3 project teams in the BNB Chain ecosystem the flexibility to choose from a growing list of over 70+ different currencies, and 10+ different blockchains.  

“The team at Request Finance is excited to support BNB Chain and their vibrant ecosystem of Defi, Metaverse, NFT and gaming projects. We constantly receive requests from our users to support new blockchains payment networks, and BNB Chain is a popular choice” - Ludovic Gilbert, Business Development & Marketing at Request Finance.

Simplify crypto payments for your business today

About Request Finance 

Request Finance is the leading enterprise crypto payments platform. Hundreds of notable names in the web3 space like The Sandbox, AAVE, and MakerDAO already use Request Finance to manage over US$190 million in enterprise cryptocurrency payments

How to Manage Crypto Invoices with BNB Chain

Learn how you can benefit from cheaper, faster transactions by paying with BNB Chain in the Request Finance app.

Create and send an invoice on BNB Chain

1. Log in to your Request account

2. Click on the “Create an invoice” button

3. Add/Select the client for the “Your client information” field

4. Leave the “How do you want to receive funds?” field with the default option: crypto, the payer pays in crypto

5. Click on the “More” button (ellipses icon) next to the list of cryptocurrencies

6. Next, click on the “All networks” field and select BNB

7. Then choose the payment currency you wish to receive as funds on the BNB network

8. Set your invoice currency which will depend on the payment currency chosen in the previous step*

9. Add the rest of the details for your invoice: item description, quantity, unit price, discount, and tax

10. Review and check that your invoice number, issue date, and payment due date are correct.

11. Click the “Create & Send” button to generate and send the invoice

*What is the invoice currency? This is the currency that your invoice will be issued in and can be different from the payment currency which you’ll receive as funds. For example, you can have the invoice currency as EUR (fiat) while receiving funds in BUSD as the payment currency. You can also set both the invoice and payment currency as the same currency such as in BUSD.

Pay an invoice on BNB Chain

1. Log in to your Request account

2. Click on “Received Invoices” on the sidebar menu under Invoices

3. Next, select the invoice you wish to pay

4. Click on “Pay now”

5. Select a wallet

6. Proceed with payment following the instructions from your wallet

7. When payment is successful, the status of the invoice should change to “Paid”

About BNB Chain

In February 2022, Binance announced the merger of Binance Chain and Binance Smart Chain (BSC) into BNB Chain. The transition highlights BSC’s connection with the BNB token and BNB ecosystem. With a vision for what Binance calls “MetaFi” (“Meta” for metadata, and “Fi” for DeFi), the company hopes that BNB Chain can build the infrastructure that powers the world’s parallel virtual economy. BNB Chain aims to support large-scale applications, including GameFi, SocialFi and the Metaverse. 

Originally launched in September 2020, BSC served as a parallel blockchain to Binance Chain while enabling smart contract functionality and the staking mechanism of BNB. BSC offers users a cheaper, faster, blockchain network that’s compatible with the Ethereum Virtual Machine. Developers can worry less about transaction fees and focus more on innovating, while using all of the existing developer tooling they are familiar with in the Ethereum ecosystem.

Ivan
Content Lead
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