PayPal Challenge Winners Announced

The winners of the PayPal X Developer Challenge have been announced, and they’re both quite a bit wealthier as a result.  Rentalic won a prize worth $100,000, while Appbackr won the equivalent of $50,000.

Rentalic, as explained in a press release, is “a person to person rental marketplace.”  It helps make sure that funds are in place, and provides a feedback mechanism, too.

Appbackr is “the first wholesale digital marketplace for iPhone applications.”  Wholesale buyers and value-added marketers can use it to deal directly with developers, which leads to a quicker payday.

Then here’s one more thing you may find interesting: Osama Bedier, vice president of PayPal’s platform and emerging technologies, said, “The future of payments is in developers’ hands and we’re committed to doing everything we can to help them succeed.”

By Doug Caverly

Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

Leave a comment