March 27, 2015
Single purpose API
Facebook developers--all one million of them--can now monetize their apps using PayPal. The new partnership between the companies was announced at PayPal X Innovate, the online payment service's conference. PayPal's new micropayments will be integrated into Facebook for its virtual currency.
This article is part of a 10-part series about interesting APIs that were added to our directory during 2016. Finance and Banking APIs are covered in this segment. The APIs were chosen by our researchers, by popularity according to website traffic, and by mentions on social media.
The Web Payments Working Group has published the first public drafts of payment specifications which include a Payment Request API, payment method identifiers, and basic card payment. The basic idea behind the specifications is to make payments easier and more secure for end users.