Rakuten launches API marketplace

Maria Nikolova

Rakuten RapidAPI is the result of the collaboration between Japan’s Rakuten Inc and San Francisco-based startup RapidAPI.

Over recent years, businesses and governments alike have embraced open APIs in order to generate new revenue streams using data assets. This trend has been among the factors for the development of the so-called API economy. There is nothing astonishing then that major online companies are seeking ways to harness this trend.

Today, Rakuten Inc (TYO:4755) announces that it has entered into an exclusive strategic partnership with San Francisco-based startup RapidAPI, operated by R Software Inc., to launch a new API (Application Program Interface) marketplace service called Rakuten RapidAPI.

The API marketplace aims to provide software developers in Japan and Asia unified access to more than 8,000 APIs with localized documentation and resources in Japanese and English. The API marketplace platform will connect API providers and developers. Developers in Japan and across Asia will be able to find, test, and connect to thousands of APIs for their applications. The marketplace will also allow API providers to connect with the global developer community through personalized API portals.

Rakuten will provide the knowledge and know-how it has developed from its marketplace business along with technical support while RapidAPI will share its core technology and infrastructure platform. Rakuten Communications Corp., a subsidiary of Rakuten, will be responsible for market development across the Asia Pacific region.

Rakuten RapidAPI offers developers and API providers with tools and management dashboards to centrally manage API promotion, usage, testing and configuration, performance, documentation and billing. In addition, the platform processes all billing transactions between API providers and software developers.

The Rakuten RapidAPI marketplace has customizations for Yen-based pricing. The platform is expected to expand throughout the Asia region in the near future.

“APIs have enabled developers all over the world to create transformative applications faster. However, due to language and cultural barriers, developers in Japan have lagged behind,” said Iddo Gino, Founder and CEO of RapidAPI. “By creating a platform with localized API documentation and local support, we can solve this.”

Rakuten notes the growing regulatory trend towards data sharing. For instance, Japan’s revised Banking Act enacted on June 1, 2018 requires financial institutions to undertake efforts to make available APIs with external businesses, ushering in new era for the Fintech industry.

Read this next

blockdag

BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.

blockdag

BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.

blockdag

BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.

blockdag

BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from Blockchain.com. This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.

Retail FX

True Forex Funds now offers Match-Trader and cTrader platforms

Proprietary trading firm True Forex Funds today announced the launch of Match-Trader, a multi-asset trading platform developed by California-based FX technology provider Match-Trade Technologies.

Retail FX

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws.  

Digital Assets

Binance’s CZ in good mood ahead of sentencing, says partner

Yi He, co-founder of cryptocurrency giant Binance, has shared a positive outlook on the legal situation of the exchange’s former CEO, Changpeng Zhao. Zhao is currently awaiting a sentencing hearing scheduled for April 30 in the United States.

<