Mastercard adds 7 blockchain startups to its crypto accelerator

Global outgo elephantine Mastercard continues supporting cryptocurrency and blockchain startups arsenic portion of its fintech accelerator, the Mastercard Start Path program.

Mastercard has chosen different 7 manufacture startups for its Start Path programme successful bid to beforehand the adoption of crypto and blockchain technology, the steadfast announced connected Nov. 3.

The caller cohort of startups includes the crypto gateway supplier Fasset, Singapore’s crypto outgo level Digital Treasures Center and the Colombian stablecoin-focused steadfast Stable. Mastercard antecedently partnered with Fasset successful July to jointly enactment connected integer solutions to thrust fiscal inclusion successful Indonesia.

The latest Mastercard Start Path programme besides includes the Web3-focused societal payments strategy supplier Loot Bolt, Quadrata privateness startup, the blockchain-based media fintech task Take Back the Mic and the brand-oriented level Uptop.

According to the announcement, the chosen companies volition prosecute with bridging the spread betwixt Web3 and Web3 arsenic 1 of their main goals. “We’re welcoming a caller cohort of startups to easiness entree to integer assets, physique communities for creators and empower radical to innovate for the aboriginal done Web3 technologies,” Mastercard added.

Launched successful 2014, Mastercard Start Path is simply a six-month accelerator programme that is designed to assistance startups successful expanding and commercializing their products and services. Mastercard has supported much than 350 startups truthful far, with galore of them achieving unicorn status, including firms similar Thought Machine banking provider, the Indian fintech startup Zeta and Razorpay.

In 2021, ​Mastercard launched a dedicated crypto division of Mastercard Start Path, dubbed Start Path Crypto. The crypto accelerator was established to enactment seed, Series A and Series B startups progressive successful crypto and blockchain development, offering a three-month enactment program.

Following the latest addition, the Start Path Crypto programme has added a full of 25 crypto-related startups, including integer wallet Uphold, crypto retention steadfast GK8 and Emin Gün Sirer-backed blockchain developer Ava Labs.

Related: Mastercard launches caller crypto fraud extortion tool

The latest quality comes amid ​Mastercard continuing to fortify its blockchain and crypto expertise. In mid-October, Mastercard launched a caller programme to allow banks to connection crypto trading capabilities and services to their customers successful collaboration with Paxos. Previously, Mastercard collaborated with the Coinbase exchange to let Coinbase NFT users to marque purchases utilizing Mastercard’s cards.