Peaq, a layer 1 blockchain, has joined the Mastercard Start Path program.
A representative of peaq, a Layer 1 blockchain for Decentralized Physical Infrastructure Network (DePIN) and Machine Real Assets (RWA), told crypto.news that the payments giant’s program supports a variety of promising advanced-stage projects in fintech and web3. He said it was designed to do so. Perpendicular.
With the help of Mastercard, peaq will explore many promising implementations connecting the DePIN sector with the worlds of traditional finance (tradfi) and fintech. The program also helps projects expand their ecosystem with new opportunities such as securing strategic partnerships, building communities, raising funds, and more.
Sabrina Tharani, SVP of Global Fintech Programs at Mastercard, said the company continues to embrace opportunities to innovate and support startups to build the future of blockchain and digital asset innovation. Through its Start Path startup engagement program, the company welcomed Kulipa Inc., Parfin, peaq, Triangle Digital, and Venly.
“These dynamic startups will have access to our network of partners, including mentorship opportunities and resources to help them scale their solutions and enter new markets,” said Sabrina Tharani, SVP of Global Fintech Programs at Mastercard. “It will be possible,” he said.
tradfi’s integration makes DePIN even more convenient, enabling use cases such as assigning fully compatible payment methods to electric vehicles and paying offline for charging sessions.
“Our partnership with Mastercard, a leading payment processing platform, will pave the way for easy interaction between DePIN and tradfi services, enabling millions of web2 natives to join this transition,” said Till Wendler, co-founder of peaq, in the announcement. .”