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

Worldcoin faces ‘scam’ allegations after extending token lockup by 2 years
Ezra Reguerra10 hours agoWorldcoin faces ‘scam’ allegations after extending token lockup by 2 yearsWorldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.1800 Total views8
Bitcoin Price On The Verge Of 15% Breakout As Analyst Spots This Formation
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
Bitcoin Upward Trend ‘Fragile’ As Spot Market Volume Drops — A Cause For Alarm?
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
Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs
Compound Facing More Problems: More Than $140 Million in Tokens up for Grabs Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems agai
Biggest Movers: Near, EOS and RUNE Fall During Friday’s Selloff
Biggest Movers: Near, EOS and RUNE Fall During Friday"s Selloff NEAR was one of the big movers in today’s trading session, as prices fell by almost 10% on Friday. RUNE and E
Crypto Lending Company Blockfi Cuts Staff by 20%
Crypto Lending Company Blockfi Cuts Staff by 20% On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative
Marcel Pechman3 hours agoBNB’s soaring futures open interest and regulatory woes weigh on the altcoin’s pricePersistent regulatory actions and concerning derivatives data are likely the main factors behind BNB’s be
Ledger Offers a 30% Discount on Most Colors for Nano S Plus and Nano X Until July 15
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
The Many Facts Pointing to Wei Dai Being Satoshi
The Many Facts Pointing to Wei Dai Being Satoshi Satoshi Nakamoto has been an enigma for well over a decade and there’s been a number of suspects and self-styled Bitcoin in
Binance’s user assets under custody surpass $100B
Zhiyuan Sun7 hours agoBinance’s user assets under custody surpass $100B“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.1030 Total views14 To
Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14%
Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum"s Defi Dominance Loses 14% The crypto-economy has been sliding in value during the last 48 hours as the current market
Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto Flow
Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto FlowVANCOUVER / SEPTEMBER 25, 2020 —Blockparty—the New York-based rare digital