Mastercard Introduces New Batch Of Blockchain And Crypto Start Path Firms
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Mastercard has invited five startups from different regions of the world to participate in its Start Path Blockchain program. The program is mainly organized for cryptocurrency and blockchain purposes.
The program is designed to allow industry professionals and FinTechs to connect with Mastercard to explore unique solutions to real-world issues collaboratively. Mastercard announced in a press release on Wednesday that it plans to discuss how digital assets and blockchain can be used to solve challenges in the real world.
Mastercard Seamlessly Collaborates With Startups, Fostering More Growth
The debit and credit card company noted that its experience in payment innovation and creating a card-based payments network allows it to effectively partner with startups, aiding them in integrating into the broader financial ecosystem and potentially boosting their growth and innovation. With innovative collaboration with startups, Mastercard aims to create new digital solutions.
The Web3, digital assets, and blockchain companies participating in the program will receive significant benefits. These benefits include bespoke training, partnership, and free access to Mastercard’s channels and customers.
The Start Path Blockchain and Digital Assets agenda was unveiled in 2014. Since the program launch, Mastercard has supported over 400 startups from 54 nations worldwide.
Kulipa, a startup in France that enables next-generation cryptocurrency payment cards for digital wallets, is among the five selected startups. Another is Parfin, a UK-based company that creates enterprise-level software to help financial institutions integrate blockchain technology.
Among the five startups invited to the Start Path is Venly, a Belgian firm that helps businesses and developers with blockchain integration. Besides the three fintechs revealed above, Mastercard also selected Peaq, a Singapore-based firm offering unrestricted, cross-border digital infrastructure for real-world applications.
Furthermore, Triangle, a startup company established in America that creates a data platform to connect financial data with climate data, was also selected for the program.
Parfin Aims To Collaborate With Mastercard And Other Startups
The Co-founder and Chief Executive Officer of Parfin, Marcos Viriato, revealed that the firm anticipates an innovative collaboration with Mastercard. He added that the company also plans to partner with other prominent startups to find new ways to utilize technology.
Viriato highlighted that Parfin was created to develop software products and an infrastructure that will assist businesses in integrating blockchain technology. He noted that the firm is well-experienced in operating in the decentralized finance (DeFi) and digital assets ecosystem. Parfin fuses the top features of both realms for a financial approach that bridges banking and blockchain.
Mastercard is the second-biggest payment network in the global payments sector. It utilizes its exclusive global payments network, which is its top network, to enable payment transactions.
