Payment giant Mastercard has selected seven cryptocurrency startups to participate in the Mastercard Start Path program. It aims to support cryptocurrency and blockchain firms.
Participants in the six-month program will include Uphold trading platform, Israeli crypto custody firm GK8, American investment platform Domain Money, oracle developer SupraOracles, blockchain infrastructure provider STACS, fintech company Taurus, and Mintable, a platform for issuing and trading non-fungible tokens.
The management of Mastercard noted that companies working with cryptocurrencies became participants in the Start Path program. This indicates that the payment company contributes to the development of innovations and increases the level of security of investments in cryptocurrencies.
Within the framework of the initiative, each selected company will solve certain problems for its further development with the support of Mastercard. Program members will be able to interact with banks, merchants and partners working with Mastercard, offering them their innovative solutions. Jessica Turner, Executive Vice President of Digital Infrastructure and Fintech Development at Mastercard, announced that the Mastercard Start Path program was first launched in 2014. More than 250 startups took part in it. Earlier this year, six other fintech and cryptocurrency startups joined the Mastercard Start Path.
“We can play a key role in the development of digital assets by accelerating the maturation of this industry. We are excited to contribute to creating the future of cryptocurrencies by combining traditional finance with digital innovation, ”Turner said.
This month, Mastercard expanded its cryptocurrency card service program and made it easier to convert digital currencies into cash. In addition, last year Mastercard launched a platform that central banks around the world can use to test government stablecoins.