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<a href="https://bitcoinworld.co.in/paypal-launches-global-hackathon-with-40000-pyusd-in-prizes/" title="Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes" rel="noopener noreferrer nofollow"></a>
<a href="https://www.paypal.com/" rel="noopener noreferrer nofollow">Paypal</a>, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes.&nbsp;
This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon aims to foster innovation and the adoption of PYUSD on Solana.
<h3 id="span-style-font-weight-400-paypal-announces-global-pyusd-hackathon-span">Paypal Announces Global PYUSD Hackathon</h3>
The Paypal Tech Blog Team announced the inaugural Global PYUSD Portal Hackathon on Tuesday.&nbsp;
“This past May, Paypal announced that PYUSD was live on Solana, marking a new phase of opportunity and adoption for stablecoin payments,” the team wrote, adding:
“Today, we are excited to unveil the first 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. It offers services like embedded non-custodial wallets, account abstraction, card issuing, and token swaps.
The Global PYUSD Portal Hackathon will run from Aug. 12 to Sept. 16. This virtual event will reward the most innovative projects with a total of 40,000 PYUSD in prizes and spotlight winners at the Solana Hacker House in Hong Kong this October.
Hackathon participants can compete for several prestigious awards, including a grand prize of 15,000 PYUSD.&nbsp;
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. The team clarified:
The Global PYUSD Portal Hackathon will distribute 40,000 PYUSD in prizes to 6 hackathon winners.
This initiative emphasizes the benefits of using PYUSD on Solana, including low-cost, confidential, and customizable transactions, making it an attractive choice for digital payments.
What do you think about Paypal launching PYUSD on Solana and the upcoming hackathon? Let us know in the comments section below.

Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes

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