Request Finance in Numbers: February 2025

Commentary for February 2025

We help businesses involved in crypto and fiat. We prioritize partnering with the safest chains, stablecoin issuers, and infrastructures to power crypto and fiat Accounts Payable, Accounts Receivable, Accounting, Payroll, and Expense Payments.

At the product level. 

Major Updates: 

GBP Local for Crypto-to-Fiat payments: Using now local rails for GBP payments within the UK, which increase delivery speed.  

“Fuzzy Duplicate Matching”: Bills with slight differences are automatically marked as duplicates to prevent users from paying twice (see FAQ article)

Transaction insurance for Base Network (USDC, ETH): enhancing our partnership with OpenCover to bring you institutional-grade coverage to protect you against on-chain risks, such as scams and governance attacks on Base. (see full list here)

Request Finance powers crypto-to-fiat payouts to 190+ countries for 20+ fiat currencies, including EUR, USD, GBP, AUD, SGD, JPY, KRW, IDR, HKD, THB, NZD, CHF, INR, and AED; see the list here. 

New Crypto Payment Options

The number of payment networks and cryptocurrencies supported on Request Finance is second to none and continues to grow monthly. In February, we added ICON chain support and $ILV token (Illuvium on Ethereum). Businesses can now send and receive payments in 380+ cryptocurrencies and stablecoins, 20+ fiat currencies, and 20 blockchains. 

If you’d like to see a token or chain supported in Request Finance, contact us on Twitter! 

Request Finance is the ultimate finance platform for crypto and fiat Operations, powering Accounts Payable, Accounts Receivable, Accounting, Payroll, Expenses, and flexible payments for enterprises. 

Our extensive support for new payment options enables projects across different chains to transact seamlessly with each other in their preferred token.

Number of crypto payments in February: 4,726

The number of crypto payments made in February saw a 19% rise in monthly new payments. 

The total number of crypto and fiat payments made on Request Finance stands at 108,006.

Value of crypto payments in February: $37.4m  

A key success indicator at Request Finance is the dollar value of crypto payments made through the platform. A total of around $980 million of cryptocurrency payments have been made through the Request Finance platform. 

Around $37.4 million in crypto invoices were paid in February last month alone. 

Top cryptocurrencies: USDC, USDT, SAND, ANKR, cUSD

Another data point to track is which cryptocurrencies are most often used on Request Finance. 

USDC continues to be the most preferred cryptocurrency being used on Request Finance, accounting for about 41% of all crypto payments made by our mostly enterprise users. 

USD-denominated stablecoins are a popular choice for enterprise crypto payments, making up 76% of the crypto payments on Request Finance. 

The popularity of stablecoins can be explained by the same reasons most people prefer to transact in fiat currencies rather than volatile assets like cryptocurrencies or commodities. Their stable prices make them ideal as a medium of exchange and a unit of account—two essential money features.

USDT came in second, accounting for about 31% of the total payments in Request Finance, followed by SAND (8%) and ANKR (4%). 

You can find the complete list of currencies supported in the Request Finance app here.

Top payment networks: Ethereum, Polygon, BNB Chain, Arbitrum, and Celo

The Ethereum network is the preferred payment network, and about 66% of crypto payments processed through Request Finance are made on it. 

Polygon secured second place with 13% of the crypto payments volume. BNB Chain followed in third place, accounting for 9% of transactions made through Request Finance.

Through this monthly report, we hope to provide an overview of what’s happening with Request Finance, and the data driving our product development decisions. We hope our transparency commitment will inspire new users to take their first steps into invoicing and payments with cryptocurrency for their business.