7 startups join Mastercard program to make crypto-currencies more accessible

Payments giant Mastercard has added seven startups to its Start Path program to make crypto-currencies more accessible. “We’re welcoming a new cohort of startups to make digital assets more accessible, build communities for creators, and empower people to innovate for the future through Web3 technologies“, said Mastercard.

Mastercard: Anyone using crypto-currencies should be able to do so simply and securely.

Payments giant Mastercard announced Thursday that seven startups from around the world have joined its Start Path program. The announcement details:

Through the Mastercard Start Path global startup engagement program, we are working with digital asset, blockchain and crypto-currency based companies that share a vision to make blockchain technology and digital assets more accessible.

“We welcome a new cohort of startups to facilitate access to digital assets, build communities for creators, and empower people to innovate for the future through Web3 technologies“, the payments company added.

The startups are Singapore-based Digital Treasures Center, Abu Dhabi-based Fasset, U.S.-based Loot Bolt, Colombia-based Quadrata, Stable, Dubai-based TBTM (Take Back the Mic) Studios and U.S.-based Uptop.

They will join more than 350 companies from 40 countries that have participated in Mastercard’s Start Path program since 2014.

” NFTs, blockchain games and metaverse experiences could transform the way consumers shop and communicate“, Mastercard describes. “However, we need to collaborate and bring tech, banking, fintech and crypto together to unlock this potential.“The company has developed :

There is no single vision for the crypto economy, other than that anyone using crypto should be able to do so simply and securely. For Mastercard, it’s about providing choice in how people pay, spend and buy crypto currencies.

Mastercard is focusing on five key areas to make crypto-currency an everyday payment method. Last month, the company launched a new program called Crypto Source to enable financial institutions to offer crypto-currency trading and related services to their customers.