Richard Smith is launching a network marketing company that won't sell anything—at least not for eight more months.

R Network, which Smith runs as president, plans to offer commissions to recruits with no actual product attached. The company emerged from earlier ventures called Digital Vault and RevvCard. Digital Vault is gone. RevvCard remains, though Walmart distribution plans have been scrapped. Smith says the card might be ready by Christmas 2019, if all goes well.

The pitch is seductive: for the first time in network marketing history, you're not selling anything. Instead, Smith tells potential recruits they'll make money through something called a "team building structure," or TBS. The funding mechanism? Smith claims R Network will own banks.

"We own the banks. You're gonna have an opportunity to own the banks," Smith said in an April 25th presentation. He promises recruits a cut of merchant fees from these banking operations, framing it as unprecedented opportunity.

When pressed about which bank, Smith dodged. He said the bank's CEO is still negotiating the deal, adding he couldn't reveal the name or the unnamed executive would be angry. Every contract is signed, he assured the room, though he provided no documentation.

Trent Walker, who Smith identifies as the architect of R Network's banking operations, lists himself on LinkedIn as CEO at NetChain Squared. Smith claims Walker previously managed Google's finances when the company was pulling in roughly $700 million monthly.

RevvCard itself carries a $150 price tag for retail customers, $100 for R Network affiliates. An interim app is supposedly coming, though Smith offered no timeline or details.

Next comes cryptocurrency. Smith says R Network will launch something called HyperDex—a decentralized exchange—as part of the RevvCard platform. He claims the creators of the three cryptocurrencies with the highest transaction volume are building it. According to Smith, all coins from all exchanges will sit in a single user-controlled wallet on the card. Cryptocurrency transfers between R Network wallets will cost a flat $1 fee.

Smith frames this as revolutionary. "It's something that's never been done before, and nobody's gonna do it till we do it," he said.

What's missing from this picture is straightforward. No functioning product exists. No bank has been named. No cryptocurrency exchange has been demonstrated. No timeline beyond a vague hope about Christmas exists. Recruits are being asked to invest and recruit others on promises of banking commissions and cryptocurrency integration that remain entirely speculative.

For eight months, R Network operates on faith alone.

🤖 Quick Answer

What is R Network and its business model?
R Network is a network marketing company founded by Richard Smith that proposed offering commissions to recruits without selling physical products. Instead, it promoted a "team building structure" (TBS) as its primary revenue mechanism, claiming the company would own banks to fund operations.

What products were associated with R Network?
R Network emerged from previous ventures including Digital Vault, which ceased operations, and RevvCard, a payment card product. RevvCard was initially planned for Walmart distribution but those plans were abandoned, with the company projecting a potential Christmas 2019 launch date.

What was the primary recruitment pitch for R Network?
The company's marketing approach emphasized that participants would earn money through team building structures rather than product sales, positioning this as unprecedented in network marketing history. This model raised significant concerns regarding legitimacy and regulatory compliance.

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