Request Finance Surpasses $1 Billion in Transactions, Secures Funding to Boost Stablecoin and Fiat Integration

Can cryptocurrencies become the backbone of global business finance? Request Finance’s recent milestone of surpassing $1 billion in transactions suggests they already are.

• Processed over $1 billion in transactions
• Secured strategic funding from Bpifrance and others
• Acquired Consola Finance and Pay.so
• Preparing for MiCA regulation

Request Finance is making waves in the crypto world, having just processed over $1 billion in transactions. This isn’t just a number; it’s a testament to the platform’s robust infrastructure and the growing demand for secure and compliant financial solutions that bridge the gap between cryptocurrencies and traditional finance. The company’s CEO, Christophe Lassuyt, didn’t mince words when he said,

“With over $1 billion in bill payments processed, we’re proving that crypto, especially stablecoins, is no longer just an alternative. It’s becoming the backbone of global business finance. This milestone, combined with our latest funding, allows us to double down on product innovation, compliance, and partnerships, making crypto payments safer, easier, and more scalable than ever.”

The strategic funding from Bpifrance, Balderton, Xange, and key clients isn’t just a pat on the back; it’s fuel for the fire, enabling Request Finance to expand its horizons. And they’re not just sitting on this cash; they’ve been on an acquisition spree, snagging Consola Finance (now known as Request Accounting) and Pay.so (now Request Technologies). These moves aren’t just for show; they’re strategic enhancements to their crypto accounting and on/off-ramping capabilities, making it easier for businesses to convert between cryptocurrencies and traditional money.

But what’s a billion-dollar milestone without a nod to the regulatory environment? Enter the MiCA (Markets in Crypto-Assets) regulation, the EU’s attempt to standardize digital asset regulations. Request Finance isn’t just preparing for it; they’re gearing up to meet its stringent requirements head-on, ensuring they can operate compliantly across Europe and beyond. This includes potential use of insurance to meet the regulation’s prudential requirements, showing that they’re not just about innovation; they’re about doing it right.

While stablecoins are the stars of the show according to Lassuyt, let’s not forget the broader crypto ecosystem, including Bitcoin. While Bitcoin maximalists might argue that stablecoins are just a stepping stone, it’s clear that stablecoins like USDT and USDC are playing a crucial role in making crypto more accessible and practical for businesses. Request Finance’s success with stablecoins doesn’t detract from Bitcoin’s role as a store of value; rather, it complements it, showing that different cryptocurrencies can serve different purposes in the financial revolution.

But let’s not get too starry-eyed. While Request Finance’s achievements are impressive, the road ahead isn’t without its potholes. Regulatory hurdles, security concerns, and the ever-looming threat of scams are real challenges that the crypto world must navigate. And while stablecoins are gaining traction, they’re not immune to volatility or the potential for depegging. It’s a brave new world, but it’s one that requires vigilance and a critical eye.

So, what does this mean for the future of crypto in business? It’s clear that the integration of cryptocurrencies, particularly stablecoins, is not just a trend; it’s a transformation. Request Finance’s journey is a beacon, showing that with the right infrastructure, compliance, and innovation, crypto can be more than just a buzzword; it can be a fundamental part of how businesses operate.

Key Questions and Takeaways

What milestone did Request Finance recently achieve?

Request Finance processed over $1 billion in transactions, marking a significant achievement in their growth and adoption of crypto payments in business finance.

Who provided strategic funding to Request Finance?

Bpifrance, Balderton, Xange, and key clients provided strategic funding, supporting Request Finance’s expansion and innovation efforts.

What are the recent acquisitions made by Request Finance?

Request Finance acquired Consola Finance (now Request Accounting) and Pay.so (now Request Technologies), enhancing their capabilities in crypto accounting and on/off-ramping between crypto and fiat.

How is Request Finance preparing for the MiCA regulation?

Request Finance is advancing its compliance efforts, including potential use of insurance to meet the regulation’s prudential requirements, ensuring they can operate compliantly across Europe and beyond.

What is the significance of stablecoins according to Christophe Lassuyt?

Christophe Lassuyt stated that stablecoins are becoming the backbone of global business finance, emphasizing their role in facilitating secure and scalable crypto payments.