Do you want to get iridium spot rates? Check this API!.
Iridium is one of the world’s rarest metals. It is the most corrosion-resistant metal element, resistant to oxygen, water, salts, and acids. This metal is used in all spin electrical devices, from the read/write heads that transmit data to and from your computer’s hard disk to emerging magnetic random access memory, or MRAM, a higher-performance, energy-efficient alternative to conventional RAM and DRAM.
On the other hand, this metal is really global demanded by many industries and the price is expected to rise in the next months. That’s why if you want to invest in this industry you should stay updated with the latest prices. You will be able to get all of the information in real-time if you use an application programming interface (API).
About An API
API acts as a middleman between you and the service provider. In simple words, an API acts as a go-between for two computers that need to communicate in order to complete a task. Besides, this API allows you to send and receive requests in real-time.
Using this technology, you will be able to evaluate the industry based on prices and discover how it has changed over time. However, It is becoming increasingly difficult to find a website, application, or software that provides this type of information in real-time.
If you are unsure where to begin, Metals-API is the best place to begin because it is the most comprehensive source of real-time iridium spot rates. Using this tool will save you money and time.
To obtain Iridium spot prices, follow these steps:
- Get your API key from www.metals-API.com.
- Look for the Iridium symbol and currency sign you want to use in the website’s list.
- Add metal and money to the list using these symbols, then make the API call.
- As a programming language, you can use JSON, Python, or PHP.
The final result will look like this:
{
"success": true,
"timestamp": 1519296206,
"base": "IRD",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
More About Metals-API
Every day, thousands of developers, SMBs, and large corporations visit Metals-API. Metals-API is the leading source for real-time precious metals rates, thanks to its reliable data sources. Furthermore, this software collects data from approximately 15 trustworthy data sources per minute. Prices are supplied by banks and financial institutions. This demonstrates that the data is extremely accurate.
Because it is available in a variety of programming languages, including JSON, Python, and PHP, you will receive all data in real-time and be able to incorporate it into an application or software.
Metals-API has a search engine that can locate current pricing data streams for a specific component or element combination. Metal prices are obtained from various sources, including Bloomberg and Reuters.
Also published on Medium.