Mastercard is adding seven startup companies to its Start Path program in order to increase accessibility to cryptocurrencies. “We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3 technologies,” said Mastercard.
Mastercard: ‘Anyone Who Uses Crypto Should Be Able to Do so Simply and Safely’
Mastercard, the payments giant announced that seven start-ups from all over the globe have signed up for its Start Path program on Thursday. Here are the details of the announcement:
Mastercard Start Path is a global program that engages with cryptocurrency, digital asset and blockchain-based companies. This helps to increase accessibility of blockchain technology.
“We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3 technologies,” the payments company added.
Startups include the Singapore-based Digital Treasures Center; Abu Dhabi’s Fasset; U.S. based Loot Bolt; U.S. based Quadrata; Colombia-based Stable; Dubai-based TBTM Studios and U.S. based Uptop.
They will join more than 350 companies from 40 countries that have participated in Mastercard’s Start Path program since 2014.
“NFTs [non-fungible tokens], blockchain gaming, and metaverse experiences could transform how consumers shop and communicate,” Mastercard described. “However, we need to collaborate and bring together tech, banking, fintech, and crypto to unlock this potential.” The company elaborated:
It is not possible to have a single vision of the cryptocurrency economy. Anyone who wants to use crypto should be capable of doing so easily and securely. For Mastercard, it’s about offering choice in how people pay, spend and buy crypto.
Mastercard will be focusing its efforts on five areas that make crypto an everyday payment option. Mastercard introduced Crypto Source, a new program that allows financial institutions and customers to trade cryptocurrency.
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