Ripple has announced it is launching a new platform that will allow developers to integrate both fiat and cryptocurrency into any app.
The platform is being developed by Ripple’s Xpring division, the investment branch of the company, and will provide developers access to a range of services such as an Xpring software development kit that allows for the integration of XRP apps in multiple programming languages. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for the seamless movement of money.
Xpring’s senior vice president Ethan Beard said, “Xpring SDK allows you the developer to use the XRP ledger simply and in any programming language you want. What takes a developer today a 100 lines of code to do a transaction on XRP ledger, using Xpring SDK cuts that down by 80 percent.” Beard said that this platform will function like Amazon’s Web services in that developers can download the code and run it themselves, or go to Xpring and plug into the service.
On top of today’s announcement, Ripple has also unveiled a new partnership with BitPay to enable businesses to accept XRP as payment by the end of the year. BitPay is a leading cryptocurrency payments service that had, until recently, only accepted Bitcoin but in recent weeks has added Ethereum and now Ripple’s XRP. With BitPay onboard, users can now make payments to companies such as Microsoft and AT&T using XRP.
Last month, Ripple announced that Xpring had acquired payment platform Logos Network to help develop decentralized financial products. The acquisition brings Xpring’s team to 32 with the addition of nine new engineers, a substantial increase from just two team members back in May. Logos Network founder and CEO Michael Zochowski will join Xpring as the Head of DeFi products.
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