In what is perhaps a breakthrough for the California fintech firm, Ripple Labs has launched a product that will supposedly allow developers to build crypto into anything.
Ripple has declared today the birth of Xpring’s “next chapter,” and says, in an official blog:
“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. In short, Xpring removes the pain and friction from integrating money into apps. “
Today’s release comes complete with a Software Development Kit, which is a valid way to attract developers to a given platform.
Ripple’s Breakthrough
Xpring will appeal to a broader audience than its existing products, which are largely aimed at corporate board rooms rather than end-users.
Everyday app developers will now have a ready-made suite of tools designed to help them integrate Ripple, along with several other features that come along with the company’s years of dedication to building partnerships.
While there is a debate about whether or not Ripple has built a cryptocurrency, it would be inaccurate to claim the firm isn’t in the relationships business.
End users are expected to interact with the Ripple platform through one of the many cogs in its eventual network.
This caused the market to pump, at the anticipation of an xrapid swell announcement. It’s highly likely this year we will new corridors announced, as we were told expect them shortly few months ago
— Michael Nardolillo (@MikeNardolillo) October 2, 2019
Check Out With Xpring?
Xpring isn’t necessarily a new payment rail for users, but it’s an important move for developers.
The announcement follows recent movements inside Ripple Labs to build out a blockchain gaming effort, which culminated in the announcement of a generous developer fund for gaming.
As with all experimental efforts, Ripple doesn’t go into great detail about what the product might look like in the end. The company writes:
“With Xpring, we are arming developers with easy access to technology proven to move money instantly across any payments network. “
Ripple does its best work in the background. The XRP token will gain demand as developers integrate tools from the newly released kit.
The news coincides with an XRP community effort to modify the way the company funds itself. Ripple Labs currently makes a monthly sale in the millions of tokens, which some have described as “dumping.”
$ripplecoin is down 70% (!!!) YTD yet you fuckers still defend Ripple, a private company that created $ripplecoin (100B coins, and owns ~60% of it!) out of thin air and is dumping on you every month.
— arkosphilos (@arkosphilos) October 2, 2019
The XRP price was holding steady at around 25 cents at press time.
