Ripple Launches XRP Developer Platform

Ripple Launches XRP Developer Platform
03.10.2019 05:40 am

Ripple Launches XRP Developer Platform

IT Innovations

Ripple has launched a developer platform to help third parties build new products using its private cryoptocurrency XRP.

Billed by Ripple as the 'open developer platform for money', the Xpring Developer Platform aims to make it easier for third party coders to send and receive payments by building on the XRP Ledger and leveraging Interledger Protocol (ILP) as a bridge to any currency, fiat or blockchain. 

"Payments today are broken," states Ripple by way of explanation. "They can take days to arrive and operate in a maze of silo’d networks. This is because traditional payment rails were not built to meet today’s business and consumer demands for reliable, fast, convenient and low-cost payments. The time for change is now. In the same way the Internet unlocked economic growth through democratisation of information, the Internet of Value will unlock economic value through global access and digitisation of money."

The firm says the Xpring SDK will arm developers with the tools and technology to move money instantly across a range of industries and use cases, from banking and financial services to micropayments, Web monetisation and gaming.

Users will be able to build features for new use cases on the XRP Ledger (XRPL), send test payments with ILP and run validation programmes.

"Only by growing the developer ecosystem around fast and low-cost payments technology will the real power of XRP and ILP will be realised," Ripple states. "We are building products that address developer needs and are working to create utility for XRP and drive adoption for ILP."

Related News

Mphasis Named a Major Contender and Star Performer in the Everest Group 2020 PEAK Matrix® Assessment for Banking BPS Service Provider Landscape

Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider... Read more »

ITRS Group Partner With Korea Microsystem Inc. To Expand Into the South Korean Market

ITRS Group (ITRS), the leading provider of estate monitoring, capacity planning, IT analytics and load testing to cross-industry enterprise clients, has today... Read more »

Avelacom debuts connectivity, market data and infrastructure solutions on B3 (Brazil's stock exchange)

Avelacom, the high-performance global connectivity and IT infrastructure provider for the financial services industry, is launching its low latency network,... Read more »

Colt’s enhanced uCPE proposition brings enterprises closer to the edge

Colt Technology Services has announced its enhanced universal customer premises equipment (uCPE) solution, which brings the benefits of Network Function... Read more »

World’s Biggest Virtual Global Fintech Fest Saw Participation from over 12000 Attendees from over 110 Countries

Global Fintech Fest which (GFF) organised by Fintech Convergence Council (FCC), Payments Council of India (PCI) and National Payments Corporation of India (NPCI) on 22nd &... Read more »

DocuSign rolls out DocuSign Payments globally

DocuSign has announced the international expansion of its integrated payment solution, DocuSign Payments.

Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel