This year’s biggest event in payments, Money20/20, has announced that it will be hosting a hackathon.
Aiming to bring together hundreds of “developers, designers and entrepreneurs” during October 31st to November 2nd, the Money 20/20 Hackathon will be a part of the event’s LaunchPad360 initiative.
Launchpad360 itself is an opportunity for budding companies to display cutting-edge innovations in payments, in front of investors and leading busineses in the industry.
The Hackathon’s goal is to provide participants a chance to cook up something impressive using the SDKs, APIs, and other tools provided by ten companies, which include ModoPayments, Blockchain.info, PayPal, MasterCard, and Mercury Payment Systems.
Teams of one to five people will have three days to use whatever they have at their disposable to create something unique and eye opening.
A $125,000 prize pool will be distributed to ten teams, with the top five nabbing $20,000 each. The top team will also have the chance to present during Money20/20’s LaunchPad360 payments solutions showcase, which is certainly a huge opportunity since it will get eyes from industry leaders as well as investors.
There’s no doubt that along with letting some talented developers and programmers flex their muscles, it will also be a stress test for these ten participating companies to weigh the efficacies of their payment tools and products.
