PayPal has concluded its first ever global hackathon. The Battle Hack series visited ten cities across the world in 2013. Each stop on the tour included a city winner, concluding with a two-day World Championship at PayPal's headquarters. The ten regional winners met at the World Championship with a simple challenge from PayPal: build an application that benefits the community and utilizes the PayPal API.
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APIs are giving more leverage to small independent players. Whether it’s a single developer, or a small web development team, each quality API that is produced gives them another leg up. There is a wonderful varied ecosystem emerging here with many highly specified niche players. TinyPay.me is one such player, offering e-commerce services with focus on simplicity and product placement. The TinyPay.me API gives developers a unique online storefront option.
While some folks tend to think about APIs are being little bits of arcane code that only developers care about it, the truth of the matter is that billions, possibly even trillions, of dollars are at stake in what will soon be a series of API wars. In no place is this more important than in mobile banking, where companies ranging from Google, the PayPal unit of eBay and lesser known entities such as MineralTree are all vying to usurp the role of traditional financial institutions.