Fun

Mastercard Launches Global Program to Help Cryptocurrency Startups Scale Their Innovations

News Feed - 2021-07-28 08:07:38

Mastercard Launches Global Program to Help Cryptocurrency Startups Scale Their Innovations


Payments giant Mastercard has launched a new, global program for cryptocurrency startups. Seven crypto companies have already joined the program. Together with Mastercard, they will work to “expand and accelerate innovation around digital asset technology and make it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets.” Mastercard’s New Crypto Program Mastercard announced Tuesday “a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies.” Seven startups have already joined the program. They will work with Mastercard “to expand and accelerate innovation around digital asset technology and make it safer and easier for people and institutions to buy, spend and hold cryptocurrencies and digital assets,” the announcement details. The startups include GK8, Mintable, Stacs, and Supraoracles. GK8 (Israel) is a self-managed end-to-end institutional crypto custody platform. Mintable (Singapore) is a non-fungible token (NFT) marketplace, Stacs (Singapore) provides a blockchain infrastructure for the financial industry, and Supraoracles (Switzerland) is a blockchain oracle. The other companies that have joined the program are Taurus, Uphold, and Domain Money. Taurus (Switzerland) provides enterprise-grade infrastructure to manage any digital assets, including crypto assets, digital currencies and tokenized assets covering issuance, custody, asset servicing and trading. Uphold (USA) is a crypto investment and payment service provider for consumers and businesses, and Domain Money (USA) looks to build an investment platform to bridge the gap between digital assets and traditional finance for retail investors. The Start Path program has helped more than 250 startups since 2014, the announcement notes. The program now provides crypto startups access to Mastercard’s “latest tools and solutions to help these companies scale their innovations and cutting-edge technologies.” Mastercard explained: “These startups use the program to connect with our ecosystem of banks, merchants, partners and digital players across the globe to deliver new solutions.” Jess Turner, executive vice president of New Digital Infrastructure and Fintech, commented that “Mastercard has been engaging with the digital currency ecosystem since 2015,” elaborating: As a leading technology player, we believe we can play a key role in digital assets, helping to shape the industry, and provide consumer protections and security. Part of our role is to forge the future of cryptocurrency, and we’re doing that by bridging mainstream financial principles with digital assets innovations. Last week, Mastercard announced an enhancement to its card program for cryptocurrency wallets and exchanges, with the aim to make it “simpler for partners to convert cryptocurrency to traditional fiat currency.”


What do you think about Mastercard’s new program for crypto startups? Let us know in the comments section below. Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment FEATURED | 22 hours ago Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report FEATURED | 1 day ago Tags in this story MasterCard, mastercard bitcoin, mastercard blockchain, mastercard crypto, mastercard crypto startups, mastercard cryptocurrency, mastercard program, mastercard startup program, mastercard uphold


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

FOMC Preview: What The Crypto Market Can Expect From The Fed
Este artículo también está disponible en español. As the Federal Open Market Committee (FOMC) meets today, the crypto market’s focus is on the Federal Reserve’
Biden Accuses Twitter of Spewing Lies Across the World as Elon Musk Rolls Out Twitter Blue Subscription
Biden Accuses Twitter of Spewing Lies Across the World as Elon Musk Rolls Out Twitter Blue Subscription Elon Musk has started rolling out a $7.99-a-month Twitter Blue subscription
Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances
Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances According to a new report, the depreciation of some c
Blockchain Game Splinterlands Reveals Gamefi Platform Sold 10 Million Packs of Chaos Legion Series Cards
Blockchain Game Splinterlands Reveals Gamefi Platform Sold 10 Million Packs of Chaos Legion Series Cards On Wednesday, the team behind the blockchain game Splinterlands announced t
Centre Obliges Government Request, Freezes Address With $100,000 USDC
Centre Obliges Government Request, Freezes Address With $100,000 USDCCentre Consortium has blacklisted an ethereum address holding $100,000 in USDC, a move that the entity says was
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased
IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased The International Monetary Fund’s (IMF) economic counselor has w
History of Crypto: Crypto winter and Ethereum landmarks
Prashant Jha10 hours agoHistory of Crypto: Crypto winter and Ethereum landmarksExplore the dynamic shifts of crypto winters alongside Ethereum’s pivotal landmarks. Delve into a narrative of resilience, innovation and t
Jon Rice3 hours agoPay-to-use blockchains will never achieve mass adoptionBlockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money.1645 Total views16 Tot
Sam Bankman-Fried is back in court, waives conflict of interest for lawyers
Turner Wright3 hours agoSam Bankman-Fried is back in court, waives conflict of interest for lawyersLawyers Marc Mukasey and Torrey Young will represent the former FTX CEO through his sentencing on March 28, while Christi
Dogecoin Shows Signs Of A Trend Reversal With This Key Chart Pattern
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s large
US leads $1.35B weekly surge in digital asset inflows — CoinShares
Josh O"Sullivan12 hours agoUS leads $1.35B weekly surge in digital asset inflows — CoinSharesCoinShares reports an unprecedented inflow into digital asset investment products, signaling growing investor confidence and