Mastercard’s Start Path Adds 5 Blockchain Startups

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As an experienced analyst, I’m thrilled to see Mastercard continuing to lead the way in global payments through its Start Path Blockchain and Digital Assets program. With the addition of Kulipa, Parafin, peaq, Triangle, and Venly, these high-potential startups will have the opportunity to collaborate with Mastercard for four months, gaining valuable resources and insights to tackle real-world issues in crypto payments, blockchain software, and decentralized networks.

Five startups were admitted into Mastercard’s esteemed Blockchain and Digital Assets program, overseen by global payments pioneer, Mastercard, on May 15th.

Mastercard is working to resolve real-world challenges through experimental applications, or use cases, in the field of fintech. Areas of focus include cryptocurrencies for payments, blockchain technology, and decentralized networks. Newcomers such as Kulipa, Parafin, peaq, Triangle, and Venly are also tackling specific issues using similar approaches.

Mastercard places great emphasis on nurturing promising blockchain start-ups through its program, Start Path. Successful applicants are granted a four-month period during which they receive collaboration, instruction, and access to Mastercard’s extensive resources. Since its inception in 2014, Start Path has supported over 400 budding businesses across 54 countries.

Mastercard has been actively collaborating in new projects. For instance, they have teamed up with Kima for creating a Decentralized Finance (DeFi) credit card. Additionally, they have entered into partnerships with major banks to trial distributed ledger technology. Furthermore, they have introduced a debit card that allows users to convert cryptocurrencies into fiat money seamlessly, making it easier to use digital currencies in everyday transactions.

Mastercard’s demonstrated strength in fintech and blockchain technology is evident through these actions, leading the charge in advanced digital payment solutions and financial services innovation.

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2024-05-16 07:32