Mastercard Start Path promotes blockchain and crypto startups

Sat 05 Nov 2022 ▪ 14:00 ▪
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Mikaia ANDRIAMAHAZOARIMANANA

Launched in 2014, Mastercard’s Start Path In Solidarity course aims to promote start-ups at the start-up stage or at the end of their careers. It consists of assigning bonuses or mentoring based on their commitment. The more they show beliefs similar to those of Mastercard, the more they have the ability to integrate the program. Recently, 7 blockchain and cryptocurrency startups were added to the Mastercard Start Path.

Mastercard supports 7 companies in the cryptocurrency and blockchain sector

In July, Finextra identified 7 innovative start-up companies wishing to develop their activities. Carbon Neutral Club, Palla, Guava, oneKIN, Yunit, SUMA Wealth and Truora have occasionally joined the Start Path In Solidarity trip.

On Thursday, November 3, Cointelegraph revealed that Mastercard has added 7 blockchain startups to its cryptocurrency accelerator. Their commitment to bridging the gap between Web2 and Web3 is part of the criteria imposed by Mastercard. Here is the list of these companies:

  • Fasset, a cryptocurrency gateway provider;
  • Digital Treasures Center, a Singapore crypto payment platform;
  • Stable, a company specializing in stablecoins;
  • Loot Bolt, a Web3 based social payment system provider;
  • Quadrata, a privacy startup;
  • Take Back the Mic, a blockchain-based multimedia fintech project;
  • as well as Uptop, a brand-oriented platform.

We welcome a new cohort of startups to facilitate access to digital resources, create communities for creators and enable people to innovate in the future through Web technologies3 “Mastercard said on its site.

The Mastercard Start Path program

A program spread over 6 months

Mastercard Start Path, whose goal is to help startups develop and sell their products and services, has already promoted 350 startups since its inception. Many of them have already been able to acquire unicorn status during the 6 months of tutoring offered. Last year, this contactless payments specialist created a specialized cryptocurrency division within the same program. Called Start Path Crypto, it is specifically about helping startups with a deep attachment to cryptocurrencies and the blockchain to raise funds.

In short, Mastercard definitely want strengthen its position in the cryptosphere. Indeed, the crypto cards he has launched in collaboration with popular exchanges, along with multiple collaborations, testify to his desire to push these assets to the top of the podium.

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Mikaia ANDRIAMAHAZOARIMANANA avatar
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day the impacts are felt on the most vulnerable economy in this world, against all hope, I will say that it has something to do with it.

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