RippleX has officially announced its participation in MoonPay’s Open Wallet Standard (OWS) Hackathon, focusing on the XRP Ledger and RLUSD with dedicated challenge tracks aimed at promoting agentic finance and on-chain settlements utilizing x402. This event is set to take place on April 3 across major cities including San Francisco, New York, and Miami, as well as online.
The announcement via the @RippleXDev account on X highlights the team’s commitment to bridging the gap between artificial intelligence agents and on-chain payments, inviting builders innovating in this space to join them during the hackathon. Registration is currently open at the designated hackathon website.
Participants in the hackathon will engage in various challenge categories. According to MoonPay, the areas of focus include Agentic Payments, Agentic Commerce, Wallets, Identity, and Guardrails, as well as Settlement Infrastructure. Solutions utilizing x402, RLUSD, or the XRP Ledger will be particularly relevant.
MoonPay’s launch of the OWS on March 23 has been pivotal for developers. The OWS provides a universal, secure method for AI agents to hold value, sign transactions, and conduct payments across multiple blockchains, all without requiring access to private keys. Ripple was one of over fifteen contributing organizations during the launch, joining forces with major players such as PayPal, OKX, and the Ethereum Foundation, among others.
MoonPay CEO Ivan Soto-Wright emphasized the importance of this development, stating that while the agent economy has established payment rails, there was a distinct lack of a standardized wallet system. By open-sourcing the OWS, a comprehensive stack is now available for facilitating these transactions.
The XRPL challenge tracks carry specific technical implications, as the Open Wallet Standard allows users to derive XRP Ledger accounts from a single seed phrase, seamlessly integrating it into a multi-chain signing interface. With the capacity to handle x402 payment requests, the OWS utilizes a policy engine to verify spending limits before requiring any key interactions.
The recent move of the x402 protocol to the Linux Foundation, supported by tech giants like Amazon Web Services, Google, and Microsoft, is indicative of its emerging status as the standard for machine-driven transactions on the internet. Furthermore, RLUSD, Ripple’s regulated stablecoin, is strategically positioned within this settlement framework on the XRP Ledger.
The relevance of RLUSD is especially pronounced in the context of the settlement infrastructure track, allowing agents operating on the OWS to manage RLUSD balances, accept x402 payment requests, and execute on-chain settlements independently, without human intervention.
Despite the promising developments, some industry experts express caution regarding the timing of agentic payments. A representative from Dragonfly recently noted that the concept remains largely experimental, with x402 processing around one million dollars in daily volume, suggesting that widespread adoption could still be years away.
Nevertheless, RippleX’s engagement in the hackathon indicates the XRPL community’s proactive approach in fostering innovation. This event represents a unique opportunity for builders to trial RLUSD and XRPL integrations within a robust, institutionally-backed agent payment infrastructure.
For those eager to start, the OWS is MIT-licensed and readily accessible. Developers can find Node.js and Python SDKs available through npm and PyPI, with the source code hosted on GitHub.
