Mastercard, a global leader in payments, has introduced five Blockchain startups to their ‘Start Path Blockchain and Digital Assets program’ as part of their efforts to integrate blockchain technology into the finance sector.
The program aims to bridge traditional financial systems with emerging blockchain solutions, facilitating innovation in the space. Mastercard has welcomed Kulipa, Parafin, peaq, Triangle, and Venly to the program, focusing on addressing specific issues through trials and use cases such as crypto payments, blockchain software, and decentralized networks. These trials will explore various currency formats, including regulated money, bank deposits, stablecoins, and CBDCs, to address real-world challenges.
Startups selected for the program receive four months of collaboration, training, and access to Mastercard’s resources. Since its inception in 2014, the Start Path program has supported over 400 startups across 54 countries.
In recent initiatives, Mastercard has partnered with Kima for a DeFi credit card and formed alliances with major banks to test distributed ledger technology. Additionally, they’ve launched a debit card with cryptocurrency-to-fiat bridge functionality, promoting the integration of cryptocurrencies into daily transactions.
These initiatives underscore Mastercard’s commitment to fintech and blockchain, driving innovation in digital payments and financial services.
Source: cryptotimes.io
