Blockchain
Mastercard will mentor blockchain startups
Mastercard has announced the inclusion of five pioneering startups in its blockchain and digital assets program, signaling a major step forward towards integrating blockchain technology into the financial sector.
These startups will collaborate with Mastercard to explore and improve blockchain applications, pushing the boundaries of digital payments.
Mastercard promotes cryptocurrency adoption
THE initiative highlights Mastercard’s commitment to leveraging blockchain technology for secure and efficient transactions. The selected startups will work on different projects, such as assets tokenizationdecentralized finance (DeFi) and digital identity verification. Additionally, Mastercard will provide these companies with extensive resources, including access to its global network, expert mentorship and technological infrastructure.
“Mastercard’s expertise in payments innovation and building a global card-based payments network uniquely positions the company to connect these ecosystems with startups, fuel new solutions, and create efficiencies in digital commerce experiences,” Mastercard said in the statement.
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Mastercard is collaborating with startups around the world to promote blockchain, digital assets and Web3 solutions. Through its initial journey plan, the payments giant offers promising startup collaboration opportunities, tailored training and access to its vast customer base and channels for a virtual four-month period. Since 2014, Start Path has supported over 400 startups from 54 countries.
The last group includes five innovative companies. Kulipa, based in France, facilitates the next generation crypto payment issuing cards for digital wallets. Parfin of the United Kingdom develops enterprise-grade software products to help financial institutions adopt blockchain technology. Singapore’s Peaq provides permissionless, borderless digital infrastructure for real-world applications, using vehicles, machines, robots and devices.
US-based Triangle focuses on sustainability, offering a data platform that integrates climate data with finance. Finally, Belgian Venly simplifies blockchain integration for developers and businesses, supporting industry growth and digital transformation.
“Through Mastercard Start Path, we are seeking to discover new ways to unlock mass adoption of cryptocurrencies and broader financial inclusion with affordable, global solutions. stable currency payments,” said Kulipa founder Axel Cateland.
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Mastercard’s initiative highlights its commitment to driving innovation in blockchain and digital technologies, with the aim of driving growth and transformation in the financial sector.
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