Mastercard is Launching a new Cryptocurrency and Blockchain Initiative
June 28, 2021
Mastercard Inc, an American card services company, says it aims to make it easier for its customers to acquire, spend, and store cryptocurrencies.
This worldwide start-up engagement initiative, dubbed ‘Start Path,' intends to collaborate with digital assets, blockchain, and cryptocurrency firms in order to grow digital asset technology.
According to the press announcement, all start-ups in the program will solve a variety of problems, including asset tokenization, digital security, and seamless access between the traditional and digital economies.
Uphold and Domain Money, well-known investing platforms for digital assets, are among the seven crypto-focused start-ups that have already joined the program. Mintable, a Singapore-based non-fungible token marketplace, GK8, an Israel-based crypto custody platform with a cold vault, and Taurus, a Switzerland-based enterprise-grade infrastructure provider for managing digital assets, are also participating.
Vital role in digital assets
Mastercard's executive director of new digital infrastructure and fintech, Jess Turner, stated, "As a major technology player, we think we can play a vital role in digital assets, helping to define the sector and offer customer safety and security."
MasterCard has been a part of the digital currency ecosystem since 2015.
“One of our responsibilities is to shape the future of cryptocurrencies, which we accomplish by combining traditional financial concepts with digital asset innovations.”
Mastercard is also partnering with Circle, Paxos Trust Company, and Evolve Bank & Trust to make the exchange of digital currencies into fiat currencies more efficient.
Last week, the company launched a new initiative that will use the USDC Stablecoin to allow crypto-to-fiat transfers in its payment services.
Subscribe Our Newsletter
American shale has dominated the marginal balance of global oil and gas supply growth for much of the last five years. American output reached all-time highs as recently as 2020, thanks to a persistent quest for expansion at any cost.
Banks and Finance
Aleksander
B2BROKER Fortifies B2CONNECT with Major FIX and Liquidity Engine UpgradeB2BROKER, a liquidity and technology provider for brokerages and exchanges, has released a significant update for B2CONNECT, its crypto liquidity hub, bringing a suite of backend enhancements focused on improving platform stability and performance. This release follows a previous update in April that introduced new integrations and key upgrades to the Coinbase API and Binance […]
Companies
Anna
How Does Swan Bitcoin Work? Detailed GuideSwan Bitcoin is an investment platform that helps people securely keep their BTCs. Learn how it works and why you might want to use it for your BTC assets.
Crypto Payments