Mastercard Expands Start Path with 5 Blockchain Startups

Mastercard, a leading card payments company in the US, has recently welcomed five new blockchain startups to its innovative Smart Path program. These startups will work closely with Mastercard to explore how blockchain technology can revolutionize payment solutions in the digital commerce industry.

Among the selected startups are Kulipa from France, Parfin from the UK, and Peaq from Singapore. Kulipa specializes in digital wallet-friendly crypto payment cards, while Parfin helps businesses integrate blockchain technology and Peaq provides digital infrastructure for real-world applications.

Additionally, Mastercard has also brought onboard Venly from Belgium and Triangle from the US. Venly simplifies blockchain integration for businesses, while Triangle combines climate data with finance on the blockchain.

Mastercard believes that digital assets, including cryptocurrencies, can accelerate commerce and enhance transparency in transactions. The company anticipates widespread adoption of digital assets in the near future.

With a valuation of approximately $427.98 billion as of May 2024, Mastercard has been actively involved in fostering innovation through its Start Path initiative since 2014. This initiative has collaborated with over 400 startups from various countries over the years.

By partnering with startups in the blockchain, digital assets, and Web3 space, Mastercard aims to explore new solutions and pave the way for future advancements in the payments industry. Through its four-month virtual program, startups receive tailored training and access to Mastercard’s network and resources.

Mastercard has been at the forefront of embracing Web3 technologies, including launching a CBDC partner program and collaborating with 1Inch to offer crypto debit cards. The company continues to push boundaries and drive innovation in the evolving digital payment landscape.

As the world moves towards a more digitized economy, Mastercard remains committed to exploring innovative solutions that enhance the efficiency and transparency of global commerce. Stay tuned for more updates on how Mastercard and its partners are shaping the future of payments with blockchain technology.