Mastercard adds cryptocurrency startups to its accelerator programme

announced that Mastercard has joined a new phase of its Start Path startup-support programme for seven projects working in the blockchain and digital assets space.

The Start Path initiative is designed to help startups accelerate the adoption of innovations, scale, and succeed at later stages, through Mastercard’s expertise and resources. According to the programme’s site, 250 projects have passed through the programme, with investments totalling $3 billion.

The company expects that the blockchain startups included in the initiative will facilitate the adoption of cryptocurrencies, making the processes of purchasing, spending and storing digital assets simpler and safer.

New participants in Start Path include:

• NFT marketplace Mintable (Singapore);
• institutional custodial platform for cryptocurrencies GK8 (Israel);
• enterprise-grade infrastructure provider for digital asset management Taurus (Switzerland);
• investment-solution developer to bridge traditional and digital finance Domain Money (USA);
• blockchain oracle provider SupraOracles (Switzerland);
• investment and payments platform Uphold (USA);
• DLT infrastructure provider for the financial markets STACS (Singapore).

In a statement, the payments company noted that each project is oriented toward solving a unique industry problem and will throughout the programme draw on Mastercard’s experience to support ongoing growth and development of its solutions.

“Mastercard has been involved in the digital currencies ecosystem since 2015. As a leading technology player, we believe we can play a key role in digital assets, helping to shape the industry and ensure consumer protection and safety. Part of our role is to forge the future of cryptocurrencies, and we are doing this by marrying core financial principles with innovations in the field of digital assets,”

Earlier, Mastercard participated in a $65 million funding round for ConsenSys, the developer of solutions for the Ethereum ecosystem.

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