Mastercard Launches Global Program to Support Cryptocurrency Startups

Mastercard, a global technology company in the payments industry, announced a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies. 

The new program aims 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. Seven startups, including GK8, Domain Money, Mintable, SupraOracles, STACS, Taurus, and Uphold, have joined the program. 

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Founders of the digital asset and blockchain companies participating in the new Start Path program will work together to address a host of pain points to achieve asset tokenization, data accuracy, digital security and seamless access between the traditional and digital economy. Each startup is focused on solving a unique industry challenge and, throughout the program, will leverage Mastercard's expertise to support the continued growth and development of their solutions.

Jess Turner, executive vice president of New Digital Infrastructure and Fintech, commented: "Mastercard has been engaging with the digital currency 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 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."

Fazzaco reported that last week, Mastercard announced to make enhancement to its Crypto Card Program for cryptocurrency wallets and exchanges​, with the aim to make it simpler for partners to convert cryptocurrency to traditional fiat currency.