Paypal announces a global hackathon with 40,000 PYUSD in prizes to foster innovation and adoption of PYUSD on the Solana blockchain, running from August 12 to September 16.
Points
- Paypal launches global PYUSD Portal Hackathon.
- Hackathon to run from August 12 to September 16.
- 40,000 PYUSD in prizes for the most innovative projects.
- Focus on fostering innovation and adoption of PYUSD on Solana.
Paypal has announced the launch of a global hackathon with 40,000 PYUSD in prizes, aiming to foster innovation and the adoption of PYUSD on the Solana blockchain. Running from August 12 to September 16, the hackathon invites participants to create innovative projects that utilize PYUSD, with the most creative and impactful solutions being rewarded.
Global PYUSD Portal Hackathon
The Paypal Tech Blog Team unveiled the inaugural Global PYUSD Portal Hackathon, a collaboration between Paypal and Portal, built on Solana. Portal is a borderless finance infrastructure platform that enables rapid integration of web3 and stablecoin payment capabilities, offering services like embedded non-custodial wallets, account abstraction, card issuing, and token swaps.
Hackathon Details and Prizes
The hackathon will run from August 12 to September 16, 2024. Participants will compete for several prestigious awards, including a grand prize of 15,000 PYUSD. Other prizes include a 10,000 PYUSD runner-up award, 5,000 PYUSD for innovation, and three 3,500 PYUSD awards for popular choice, top consumer application, and the best decentralized finance （defi） and trading application.
Promoting PYUSD Adoption
This initiative emphasizes the benefits of using PYUSD on Solana, including low-cost, confidential, and customizable transactions. By encouraging developers to create innovative solutions, Paypal aims to enhance the adoption and utility of PYUSD in the digital payment landscape.
Conclusion
Paypal’s Global PYUSD Portal Hackathon represents a significant effort to promote innovation and adoption of PYUSD on the Solana blockchain. With substantial prizes and a focus on creative solutions, this hackathon provides an excellent opportunity for developers to showcase their skills and contribute to the growth of stablecoin payments. As the event progresses, it is set to highlight the potential of PYUSD and its applications in the evolving digital economy.