Mastercard, the world’s second largest payment processing firm, continues to strive for the development and integration of Blockchain technology by adding seven new Blockchain startups to its fintech-backed program Mastercard Start Path.
Mastercard Announces Cryptocurrency Companies To Participate In The Support Program In Its Press Release
According to the press release, the new ventures include Singapore’s crypto payment platform Digital Treasures Center, Abu Dhabi’s cryptocurrency gateway provider Fasset, Colombian stablecoin-focused firm Stable, and Dubai’s Bockchain-based media fintech company TBTM (Take Back the Mic) Studios.
Several US-based projects have also been added to the list, including Web3-focused social payment system provider Loot Bolt, privacy startup Quadrata, and brand-focused platform Uptop.
In the announcement, Mastercard used the following statements:
“We are hosting a new group of initiatives to facilitate access to digital assets, build communities for creators, and empower people to innovate for the future through Web3 technologies.
This new Start Path group will join opportunities for growth, including technology collaboration, consulting, access to channels and customers, and the opportunity to accelerate digital asset innovations and expand into new markets.”
First launched in 2014, the Mastercard Start Path is a six-month support program designed to help startups expand and commercialize their products and services. More than 350 companies from 40 countries have participated in the program since its inception.
Previous alumni of the program who continue to excel in the real world include banking provider Thought Machine, Indian fintech startup Zeta, and Razorpay.
The firm added a dedicated crypto arm, Start Path Crypto, to the program in 2021 and has been actively working on incorporating promising projects ever since. The cryptocurrency support program was established to support seed, Series A and Series B startups interested in crypto and blockchain development by offering a quarterly support program.
*Not investment advice.
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