Mastercard (NYSE:MA) announced that it has selected five startups to participate in its Digital Asset Program, which aims to foster the development of blockchain use cases.
Selected startups will participate in Mastercard’s Start Path blockchain and digital asset program, focusing on creating blockchain use cases and user experiences.
Through this initiative, Mastercard (MA) will collaborate with industry experts and fintech companies to explore diverse applications of digital assets and blockchain technology to solve real-world problems.
Mastercard (MA) said in a press release issued Wednesday that it has extensive experience building card-based global payment networks to connect regulated currencies, bank deposits, stable coins and central bank digital currencies (CBDCs) with the startup’s specific services. emphasized. Use case. The program aims to innovate new solutions and improve the efficiency of the digital commerce user experience.
5 selected startups
- payment: A France-based company that facilitates the issuance of cryptocurrency payment cards for digital wallets.
- perfume: A UK-based company specializing in enterprise-grade software products that help financial institutions adopt blockchain rails.
- Vertex: Headquartered in Singapore, peaq provides permissionless, borderless digital infrastructure for real-world applications.
- triangle: It is a US-based startup focused on sustainability through a data platform that integrates climate data and finance.
- Benly: Headquartered in Belgium, Venly simplifies blockchain integration for developers and enterprises to support industrial growth and digital transformation.
Mastercard’s Start Path program provides selected blockchain, digital asset, and Web3 startups with collaboration, customized training, and access to Mastercard’s customer base and distribution channels across a virtual four-month program.
Since its founding in 2014, Mastercard (MA) has supported more than 400 startups in 54 countries through its Start Path program.
“With Mastercard Start Path, we are exploring new ways to enable mass cryptocurrency adoption and broader financial inclusion through convenient, global stablecoin payments,” said Axel Cateland, founder of Kulipa, about the program. expressed enthusiasm.
Featured Image: Unsplash
Please see disclaimer