Singapore’s Digital Treasures Center and bitcoin gateway provider Fasset are among the companies that have joined the most recent Mastercard Start Path project.
The international payment giant Mastercard continues to help bitcoin and blockchain businesses as part of its digital accelerator, the Mastercard Start Path program.
Mastercard announced on Nov. 3 that it has selected seven additional sector organizations for its Start Path project to stimulate the adoption of bitcoin and blockchain technology.
Stable, a Colombian stablecoin startup, Digital Treasures Center, a Singaporean crypto payment site, and Fasset, a crypto gateway provider, are among the new companies in the new group. Mastercard and Fasset worked on digital solutions to promote financial inclusion in Indonesia in July.
The most recent Mastercard Start Path initiative also includes Uptop, a brand-focused platform, Take Back the Mic, a blockchain-based media fintech project, Loot Bolt, a Web3-focused social payments system provider, and Quadrata, a privacy startup.
According to the statement, one of the selected businesses’ primary goals would be to bridge the gap between Web3 and Web3. “Through Web3 technology, we’re inviting a new generation of enterprises to ease access to digital assets, develop creative communities, and enable individuals to innovate for the future,” said Mastercard.
Mastercard Start Path is a six-month accelerator program launched in 2014 with the goal of assisting entrepreneurs in growing and commercializing their goods and services. To date, Mastercard has supported over 350 businesses, many of which have achieved unicorn status, including Thought Machine Banking Provider, the Indian Fintech Startup Zeta, and Razorpay.
Start Path Crypto, a specialist crypto subsidiary of Mastercard Start Path, was launched in 2021 to provide a three-month support program for seed, Series A, and Series B entrepreneurs working on blockchain and cryptocurrency startups.
The Start Path Crypto program currently comprises 25 cryptocurrency-related companies, including blockchain developer Ava Labs, cryptocurrency storage business GK8, and Emin Gün Sirer-backed digital wallet Uphold.
The latest information comes as Mastercard continues to expand its blockchain and cryptocurrency knowledge. In collaboration with Paxos, Mastercard launched a new program in the middle of October that allows banks to provide their clients with cryptocurrency trading capabilities and services. Previously, Mastercard and the Coinbase exchange collaborated to allow Coinbase NFT users to make purchases using Mastercard’s cards.
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