BIPS, Bitcoin payment system, allows users to buy or sell online using Bitcoin digital currency. In addition to Bitcoin transaction-based apps and an e-wallet, BIPS provides an API that users can integrate with existing workflows and tools. Merchants can utilize Bitcoin currency alongside traditional currency transactions.
This article looks at the advantages of cryptocurrency that can be applied to the API space by creating a decentralized API marketplace that removes many existing barriers. The API Network is modeled after bitcoin and hopes to remove the friction between API providers and consumers.