August 26, 2016
Single purpose API
Developers are definitely worth their weight in gold. The Royal Canadian Mint has introduced a digital currency called MintChip and has thrown open a Developer Challenge. The challenge wants developers to create digital payment solutions using the MintChip API and the best applications stand to win gold. Yes, you read that right, actual physical gold.
If you have tried to search for currency exchange rate APIs, chances are that it has not been a smooth experience. While there are plenty of currency conversion websites, getting access to up-to date exchange rates to power your financial applications has usually gotten stalled due to high usage fees. Some services charge in the hundreds of dollars per year to get access to these rates. If CurrencyBot and the Open Source Exchange Rates API project has its way, this could be a problem of the past.