7 startups sign up for the Mastercard programme
Newyork-based credit card giant Mastercard has added 7 new blockchain startups to its fintech accelerator, the Mastercard Start Path program.
"Through the Mastercard Start Path global startup engagement program, we work with digital asset, blockchain, and cryptocurrency-based companies that share a vision to make blockchain technology and digital assets more accessible," said a statement.
As per Mastercard, the world's second-biggest payment-processing company, its newest Start Path cohort contains 7 organizations that are gaining ground to overcome any issues between Web2 and Web3 and meet consumers where they are today.
Singapore-based Digital Treasures Center (DTC), for example, permits the transfer of funds through cash, card, and crypto as well as the processing of major currencies. While Abu Dhabi-based Fasset is a developing business sector's digital asset exchange, Dubai-based TBTM (Take Back the Mic) Studios is building the world's first blockchain-based media fintech.
US startups Loot Bolt, a Web3-powered social payments system provider, Uptop, a brand-oriented platform, and Quadrata, a Web3 privacy organization, are also among the furthest down the line new companies to come onboard the Mastercard Start Path. Moreover, the program has received Columbia-based Stable, which offers worldwide remittances, peer-to-peer payments, and card use based on a technology that balances out every single worldwide currency, including stablecoins, simply and safely.
Since 2014, these 7 companies will join more than 350 companies from 40 countries that have taken part in Start Path.
"The newest Start Path cohort will engage in growth-essential opportunities including technology collaboration, mentorship, access to channels and customers, and the opportunity to accelerate their digital asset innovations and expand into new markets," said Mastercard.
CBW - External Analyst