Ripple’s Xpring launches developer platform to simplify integrating crypto, fiat payments into apps
Thu, 03 Oct 2019, 10:17 am UTC
Xpring, an investment arm of Ripple, is launching an open developer platform that will make it easier for developers to move money instantly across any payments network.
According to the official announcement dated October 02:
“This new platform offers a set of tools, services and programs that makes it easier for developers to send and receive payments in any currency, across any network, using the XRP Ledger and Interledger Protocol [ILP]. In short, Xpring removes the pain and friction from integrating money into apps.”
ILP is a standardized payment protocol that bridges the gap between any fiat or digital asset.
Ripple claims the XRP ledger can support 1,500 txns/per second, 24x7, and can scale to handle the same throughput as Visa. It stressed that XRP has already proven itself to be more than just being an alternative store of value as the token is being used to facilitate cross-border payments via RippleNet.
“When paired with ILP, XRP bridges the gap between any fiat or digital asset and forms a universal, ubiquitous way to make payments,” it added. “Together, ILP and XRP enable trading in cross-blockchain transactions, micropayments, and web monetization for an array of industries like media and gaming.”
Xpring senior vice president Ethan Beard said the suite of services being offered include a new Xpring SDK to easily work with XRP/ILP in any programming language, and a variety of tools for development on XRP and ILP including an XRP Network Explorer, a new XRP Ledger Devnet, and a new Testnet for ILP.
Beard told CoinDesk that the new platform is targeting both crypto and non-crypto developers. He added that Xpring SDK cuts down the coding required to do a transaction on the XRP ledger by 80 percent.
He explained that the new platform would function similar to Amazon Web Services. Programmers can download and run the code themselves or go to Xpring and simply plug into the service.
As part of the announcement, Xpring revealed that payments processor BitPay, mobile wallet BRD and digital custody provider Anchorage are adding XRP to their offerings. It said that BitPay’s support for XRP will enable “thousands of businesses to accept XRP for payments through BitPay’s merchant processing and cross-border payments platform safely, securely, and compliantly - by the end of the year.”
In addition, blockchain analytics company Chainalysis is also adding the XRP ledger to its service.
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