Mastercard Will Mentor Blockchain Startup

MasterCard has announced the inclusion of five pioneering startups in its blockchain and digital asset program.

These startups will collaborate with MasterCard to explore and improve blockchain applications, pushing the boundaries of digital payments.

Mastercard Advances Crypto Adoption

The initiative highlights MasterCard's commitment to using blockchain technology for secure and efficient transactions. The selected startups are set to work on various projects such as asset tokenization, decentralized finance (DeFi) and digital identity verification. Moreover, MasterCard provides these companies with extensive resources, including access to a global network, expert advice and technology infrastructure.

MasterCard's experience in payments innovation and building a global card-based payment network uniquely positions the company to connect these ecosystems with startups, power new solutions, and create efficiencies in digital business experiences.

Read more: 7 Best Crypto Credit Cards for 2024 MasterCard is partnering with startups around the world to advance blockchain, digital assets and Web3 solutions. Through its Startup Track program, the payments giant offers startups collaboration opportunities, customized training, and access to a wide customer base and channels over a virtual four-month period. Since 2014, Start Path has supported more than 400 startups from 54 countries.

The latest batch includes five innovative companies. France-based Kulipa is a digital wallet that facilitates the next generation of crypto payment cards. UK-based Parfin develops enterprise-grade software products to help financial institutions adopt blockchain technology. Singapore Peak provides a license-free, borderless digital infrastructure for real-world applications using vehicles, machines, robots and devices.

US-based Triangle focuses on sustainability by providing a data platform that integrates climate data with finance. Finally, Belgium's Veli simplifies blockchain integration for developers and businesses, supporting industry growth and digital transformation.

“With Mastercard's Start Track, we're looking to find new ways to unlock crypto mass adoption and broader financial inclusion with convenient and global stablecoin payments,” said Axel Catteland, Co-Founder of Kulipa.

Read more: Crypto vs. Banking: Which is the Smarter Choice?

MasterCard's initiative underscores its commitment to fostering innovation in blockchain and digital technologies, to drive growth and transformation in the financial sector.