Filipino-Led Payxn Wins in 3 Hackathons
The Filipino team behind Payxn, a product of AltSwitch, won three hackathons, including the Circle ProDev Hackathon in Thailand.
What’s the significance: The consecutive wins of Payxn show the potential of web3 builders in the Philippines, as well as encourage local developers to create more impactful applications that can be noticed by international organizations.
Key details:
- As per the press release, Payxn is a blockchain-based payment platform built on Solana, designed for businesses to handle domestic, cross-border, and cryptocurrency transactions efficiently.
- It won in 3 hackathons earning over ₱1,000,000 in prizes.
- Solana Radar Hackathon (PH Track): 2nd place at Blockchain Campus Conference in Mindanao, Philippines (October 11, 2024).
- Won 2,000 USDC (₱117,965)
- Circle ProDev Hackathon (Thailand): 2nd place out of 186 teams, integrating Circle’s USDC technology (October 24, 2024).
- Won 12,000 USDC (₱707,790)
- YGG Play Summit Game Jam: 2nd place with the YGG Arcade feature at the SMX Convention in BGC, Philippines (November 21, 2024).
- YGG Arcade connects gamers worldwide, enabling play-to-earn opportunities integrated with Payxn’s payment system, showcasing its versatility and commitment to blockchain adoption in gaming.
- The prize won was not indicated.
- Solana Radar Hackathon (PH Track): 2nd place at Blockchain Campus Conference in Mindanao, Philippines (October 11, 2024).
Team Behind Payxn:
- Carl Munsayac (Team Lead)
- Graver (Developer)
- Kaye Labay (Marketing Specialist)
- Clark Abella (Creative Designer
AltSwitch is a Filipino-led blockchain company focused on creating innovative decentralized solutions, including cutting-edge hardware and software for secure digital asset management and blockchain-based payment systems.
- AltWallet: A hardware wallet with multi-layer encryption and an integrated NFT display, designed to enhance asset security and user experience.
- DeKaha Wallet: A business-oriented DeFi wallet offering multi-chain support, seamless payment integration, and regulatory compliance for efficient cross-border transactions.
Worth reading: In 2023, AltSwitch CEO and Payxn team lead Carl Munsayac, was one of the guest speakers during the ICP Meetup where they discussed investing opportunities and risks in web3.
This article is published on BitPinas: Filipino-Led Payxn Wins in 3 Hackathons
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