BLOCKCHAIN

Mastercard Introduces A New Cryptocurrency And Blockchain Program For Startups

Talha Tamboli | July 28, 2021

Mastercard Introduces A New Cryptocurrency And Blockchain Program For Startups
Mastercard today unveiled a new Start Path global startup engagement programme aimed at assisting fast-growing digital assets, blockchain, and cryptocurrency businesses. As part of Mastercard's digital assets work, seven startups have joined the programme, including GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold, with the goal of expanding and accelerating innovation in digital asset technology and making it safer and easier for people and institutions to buy, spend, and hold cryptocurrencies and digital assets.

Mastercard today unveiled a new Start Path global startup engagement programme aimed at assisting fast-growing digital assets, blockchain, and cryptocurrency businesses. As part of Mastercard's digital assets work, seven startups have joined the programme, including GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold, with the goal of expanding and accelerating innovation in digital asset technology and making it safer and easier for people and institutions to buy, spend, and hold cryptocurrencies and digital assets. This implies that the platform can create, sign, and send secure blockchain transactions without relying on internet input, hence reducing any potential cyberattack vectors. Taurus (Switzerland) offers advanced infrastructure to manage any digital asset, including crypto assets, digital currencies, and tokenized assets, through a single platform that covers issuance, custody, asset servicing, or trading.

Other participating startups and fast-growing digital asset and blockchain enterprises have been chosen to attend the Start Path program's initial track:

• Domain Money (USA) aims to provide a next-generation investment platform for ordinary investors, striking a balance between digital assets and traditional finance.

• SupraOracles (Switzerland) is a strong blockchain oracle that assists organisations in connecting real-world data both to the public and private chains, permitting interoperable smart contracts to automate, simplify, and protect financial markets' future.

• STACS (Singapore) develops a blockchain infrastructure for the financial industry in order to unlock tremendous value and enable effective, long-term financing. Global banks, national stock exchanges, and asset managers are among its clients and partners.

• Uphold (USA) is a cryptocurrency-native, multi-asset digital money platform that provides investing and payment services to consumers and businesses all over the world. Uphold's one-of-a-kind 'Anything-to-Anything' trading experience allows users to trade directly between asset classes with embedded payments, paving the way for a future in which everyone has access to financial services.

The founders of digital asset and blockchain startups participating in the new Start Path initiative hope to address a variety of issues, such as asset tokenization, data accuracy, digital security, and smooth access between the traditional and digital economies. Each startup is focused on tackling a specific industry need and will leverage Mastercard's experience throughout the programme to support the continuous growth and development of their solutions.


Fintech Innovation and Digital Assets
Supporting the startup ecosystem is important to Mastercard's mission, and more than 250 firms have participated in the Start Path programme since its inception in 2014. Mastercard is expanding Start Path to include fast-growing crypto, blockchain, and digital assets entrepreneurs, giving these companies access to the latest tools and solutions to help them scale their ideas and cutting-edge technology. To create new solutions, these entrepreneurs use the programme to interact with our global ecosystem of banks, merchants, partners, and digital actors.

About Mastercard
Mastercard is a payments technology firm with a global presence. By making transactions safe, simple, smart, and accessible, we hope to connect and power an inclusive, digital economy that benefits everyone, everywhere. Our innovations and solutions help individuals, financial institutions, governments, and organisations realise their full potential by leveraging secure data and networks, relationships, and enthusiasm. Our decency quotient, or DQ, is at the heart of our culture and all we do both inside and outside of the office. With connections in over 210 countries and territories, we are constructing a sustainable world that unlocks precious opportunities for everybody.

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