Hackathons are one of the three ways that Xpring engages the 20+ million developers in the world to help them insert payments into their products.
Hackathons are also a great venue for developers to learn new tools and services, test ideas, and gain inspiration to build applications that solve major world problems.
This weekend, Xpring sponsored SLOHacks, where 275 developers gathered at the California Cybersecurity Institute at CalPoly to hack on projects across three different tracks: FinTech, Gaming and Cybersecurity.
Overall, 5 teams submitted projects to the "Best Use of Xpring" challenge, which focused on creative uses of XRP and Interledger (ILP).
Remit, a peer-to-peer, borderless payment system that uses a combination of Xpring SDK for XRP and Twilio API for SMS, won the Xpring Challenge and 1st place overall, out of all 39 total developer teams at the hackathon.
The Remit team came without an idea to work on, but they were inspired by the 1-hour workshop that we hosted on Friday night, to help solve the costly problem of sending money globally - in less than 36 hours - using Xpring SDK.
The cost and speed of sending money globally is also a problem that their team member, an international student, faces every time he sends or receives money from back home.
SMS is the most widely used data application on the planet with over 4 billion users worldwide, many of which don't have access to the internet. Remit now allows these users to send money globally using XRP over SMS and (soon) ILP.
Initially, we only intended to award one winning team, but we were so inspired by all the projects that we decided to award another runner-up.
Recognizing that some merchants don't want to receive crypto due to price volatility, Superconductor also added the ability for merchants to receive payments in USD (and eventually other fiat currencies) over ACH.
Xpring is open by default so it's always impressive to see what developers can build in such a short amount of time, given the right tools, services and guidance. The Xpring team also gains valuable insight at every hackathon on how we can improve the platform.
We thank all the organizers of SLOHacks and look forward to sponsoring, hosting and attending more hackathons (listed on our community page) in the near future.