Ripple continues to push for XRP as after Coil partnering with GateHub to allow its users to earn in the digital asset, now the company has announced the launch of a developer platform to help third parties build new products using XRP.
The Xpring Developer Platform, defined by Ripple as the “open developer platform for money”, aims to make it easier for third-party coders to send and receive payments by building on the XRP Ledger (XRPL).
The developers will be leveraging Interledger Protocol (ILP) as a bridge to any currency, fiat or crypto.
“Payments today are broken,” says Ripple. “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,” the company added.
“In the same way the Internet unlocked economic growth through the democratization of information, the Internet of Value will unlock economic value through global access and digitization of money.”
Xpring SDX, Ripple says will arm developers with the tools and technology to move money across a range of use cases — from banking to web monetization, micropayments, and gaming — and industries.
Users will further be able to build features for new cases on the XRP Ledger, run validation programs, and send test payments with ILP.
“Only by growing the developer ecosystem around fast and low-cost payments technology will the real power of XRP and ILP will be realized,”
“We are building products that address developer needs and are working to create utility for XRP and drive adoption for ILP.”
In the past few days, apart from the GateHub-Coil partnership, Ripple has acquired Logos and Algrim to drive the XRP adoption.