7 Startups Join Mastercard Program to Make Cryptocurrency More Accessible

7 Startups Join Mastercard Program to Make Cryptocurrency More Accessible

Payments giant Mastercard has added seven startups to its Start Path program to make cryptocurrencies more accessible. “We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3 technologies,” said Mastercard. Mastercard: ‘Anyone Who Uses Crypto Should Be Able to Do so Simply and Safely’

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 work with digital asset, blockchain and cryptocurrency-based companies that share a vision to make blockchain technology and digital assets more accessible.

“We’re welcoming a new cohort of startups to ease 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, U.S.-based Quadrata, Colombia-based 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 [non-fungible tokens], blockchain gaming, and metaverse experiences could transform how consumers shop and communicate,” Mastercard described. “However, we need to collaborate and bring together tech, banking, fintech, and crypto to unlock this potential.” The company elaborated: There is no single vision for the crypto economy other than anyone who uses crypto should be able to do so simply and safely. For Mastercard, it’s about offering choice in how people pay, spend and buy crypto.

Mastercard is focusing on five key areas to turn crypto into an everyday way to pay. Last month, the company introduced a new program called Crypto Source to enable financial institutions to offer cryptocurrency trading and related services to their customers. Tags in this story MasterCard, mastercard crypto, mastercard cryptocurrency, MasterCard making crypto more accessible, MasterCard start path program, MasterCard startups, MasterCard working with crypto firms, nft, web3 technologies

What do you think about Mastercard working with startups to make crypto more accessible? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Mark Cuban-Backed Multichain Wallet Launches $3 Million Aptos Ecosystem Fund to Onboard New Users FEATURED | 24 hours ago Democrats and Republicans Agree Cryptocurrency Is the Future of Finance, Survey Shows FEATURED | 2 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFidelity Investments Launching Commission-Free Retail Crypto Trading for Bitcoin and Ether Next articleReport: Over 30,000 Nigerians to Learn About Blockchain From Government Agency 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 More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether