Para has introduced a REST API, facilitating the integration of blockchain wallets into fintechs and consumer applications without disrupting current UI or requiring users to understand cryptocurrencies.

In a recent announcement, Para, an US-based provider of wallet and payment infrastructure, officially unveiled its REST API. This tool is designed for developers and application creators looking to incorporate blockchain wallets into their services seamlessly, ensuring that user interfaces remain untouched and onboarding procedures stay simple.

The new API fills a critical gap in the market by providing an easy pathway for businesses to leverage blockchain’s potential in terms of programmability, cost efficiency, and global reach. By using this API, companies can automatically generate wallets for users during sign-ups or through API calls, execute transactions via their own authentication systems, and manage policies as needed.

Utilization in stablecoin payments and international transfers

Para’s REST API is geared towards applications such as stablecoin payments, cross-border transactions, and treasury functions that are managed on the server side. This service enables businesses to integrate options like USDC while retaining control over customer interactions and distribution networks.

With annual stablecoin transaction volumes reaching trillions of dollars, major financial firms including Visa and Mastercard have enhanced their stablecoin settlement services. Many fintechs and cross-border payment providers are adopting stablecoins to cut costs and enhance transaction processing times. Para’s approach treats blockchain as a backend utility, ensuring that its wallets remain secure while facilitating automatic wallet creation for charitable organizations and fund transfers.

At present, the REST API is accessible for integration by developers who wish to add stablecoin payment features and embedded wallets without moving operations to the client side.