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The international payment giant MasterCard continues to focus on the digital asset industry by welcoming a group of major cryptocurrency startups in its fintech accelerator.
company Announce On Tuesday, as part of the Fintech Startup Accelerator Program Mastercard Start Path, a new startup participation program aims to support companies that use digital assets, cryptocurrencies, and blockchain technology.
The plan adds seven new startups, including digital wallet and trading platform Uphold, encrypted storage company GK8, U.S. investment platform Domain Money, blockchain oracle startup SupraOracles, blockchain infrastructure provider STACS, and digital asset company Taurus and Mintable, this is an issuance and trading platform. Trade non-fungible tokens (NFT).
The company pointed out that the new features are in line with MasterCard’s commitment to expand and accelerate digital asset technology innovation and provide cryptocurrency investors with more security.
As part of this plan, each crypto startup will solve a unique challenge with the support of MasterCard’s expertise to further develop and develop their solutions. The company said that newly joined startups will use the program to connect MasterCard’s global ecosystem of banks, merchants, partners, and digital players to provide new solutions.
Jess Turner, Executive Vice President of Digital Infrastructure and Fintech at MasterCard, emphasized that the company has been committed to the digital currency ecosystem since 2015. “We believe that we can play a key role in the digital asset space, helping shape the industry and provide protection and security for consumers. Part of our responsibility is to build the future of cryptocurrency, and we are working by linking mainstream financial principles with digital asset innovation. Do this,” she said.
Mastercard Start Path was launched in 2014 and is a six-month accelerator program that helps startups expand and commercialize their products and services. According to the announcement, since the launch of the program, more than 250 start-up companies have participated in it.Earlier this year, MasterCard began to add paths Six other startups related to fintech and digital assets, Including coin seeds.
related: Mastercard’s latest partnership to help banks distribute encrypted cards
The news is in the Mastercard disclosure plan to refurbish its encryption card plan to enable Traditional banks provide encrypted cards In the existing payment network of MasterCard.
In further increasing its promotion of the digital asset industry, MasterCard echoed the steps taken by its main competitor, Visa.In the latest encryption update in early July, Visa stated that it will Continue to support development The cryptocurrency industry, as part of its business, reported that its crypto-enabled cards processed more than $1 billion in total expenditures in the first half of 2021.
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