While Bitcoin continues to struggle just below the $50,000 level, the wait in altcoins continues.
While many altcoins continue to consolidate after falling from their peaks, major projects continue to work in the background.
Avalanche is one of the projects that left their mark on 2021. It continues to grow at Ava Labs, the team behind Avalanche. The latest news about Ava Labs came from Mastercard.
Mastercard announced today that it will be working with five startups as part of its Start Path Crypto program.
Launched in 2014, the Start Path program was created to help new startups scale.
In the announcement made today, it was stated that Mastercard’s Start Path Crypto unit will work with 5 projects. Among them was Ava Labs, the founder of the smart contract platform and AVAX.
Other projects are: Mobile banking app Envel, peer-to-peer savings platform Kash, bitcoin banking app LVL and crypto rewards platform NiftyKey.
Jess Turner, Mastercard’s vice president of new digital infrastructure and fintech, said in a statement:
“Whether it is to promote financial freedom or a new value-added service using stablecoins, we believe that combined with Mastercard’s expertise in this area, the new Start Path crypto and digital asset companies will accelerate access to new payment avenues and prioritize choices for consumers.”
Speaking to Coindesk, Ava Labs president John Wu said; “Mastercard sets an example for leaders in all industries on how to embrace innovation rather than struggle. We look forward to working with projects and partners in the Start Path program to accelerate the positive impact that blockchain technology will have for individuals and institutions around the world.”