Ripple was created to provide a free, open-source, payment service that exist without a central authority. It is open-source, almost free to use, an can pay out in an currency. The Ripple API allows users to integrate the Ripple payment system and platform into third-party projects.
ProgrammableWeb's series on cryptocurrency and blockchain technologies aims to give you a sense of the various components and business opportunities within the various cryptocurrency ecosystems. Now, let's take a look at a small handful of typical APIs across those ecosystems.
Ripple provides blockchain payment technologies for banks, giving them more reliability, cost efficiency, and speed (transaction completion and recognition) that are infamous challenges within the banking industry. Its solutions enable banks to handle inter-bank transactions, liquidity and payments.
Of the many APIs we published this week, ten were highlighted on the blog by our team of writers. In this post, we’ll shine a spotlight on those ten, which included the Rixty API. Rixty was conceived as alternative payment solution for online shoppers who would rather pay cash then risk their sensitive data on the Internet. The Rixty API simply gives developers access to the functionality so they can integrate the system onto their own website. Users must visit one of 500,000 retail locations to exchange their cash for a Rixty code(currency), that is redeemed from the API.
Moving money online is commonplace these days, and the simpler and faster the process can be, the more appealing it is. Ripple provides another option in the world of online payment solutions. It's an open source, almost free to use payment network that provides a simple and hassle-free way for anyone in the world to send money to anyone else. The Ripple API allows developers to use this functionality and integrate the payment system into other projects.