To reaffirm its commitment to strengthening its positions in the stablecoins segment, fintech decacorn Ripple organized a hackathon for stablecoin-centric products that leverage XRP Ledger as the technical basis for their solutions. Here’s who won Ripple’s CBDC hackathon As per the official statement by RippleX, Ripple’s hackathon for stablecoin projects, CBDC Innovate, has come to an end. Experts shared the names of the winners in three nominations.
🥁 Meet the 6 winners of the #CBDCInnovate hackathon!
These projects leveraged Ripple’s #CBDC solution to build features for ✔️interoperability, ✔️financial inclusion and ✔️retail apps for up to $150K USD in cash prizes (1/5)
— RippleX (@RippleXDev) November 16, 2022
Ripple’s jury has chosen winners in interoperability, financial inclusion and retail apps nominations. For every nomination, a $150,000 prize was allocated.
Payment application PeerPay and peer-to-peer loans machine P2P-CBDC are winners in interoperability nomination. SpendTheBits and Community Loans were awarded enterprise and individual prizes in the retail applications category.
Checksum and conFIEL B2B platforms are the leaders of the financial inclusion track. All mentioned protocols use Ripple’s CBDC developments in their services.
