Mastercard joins hands with the companystartUp 5 locations to solve global blockchain challenges which is part of the program”Start Path Crypto” of payment giants As the company announced on Thursday
Mastercard launched its Start Path program in 2014 to help startups grow their businesses. The company will now work with Ava Labs, creators of smart-contract, AI-focused mobile banking app Envel, peer-to-peer savings platform Kash, bitcoin banking app LVL, and crypto reward platform NiftyKey.
Ava Labs is best known for creating the Avalanche blockchain, an Ethereum competitor that facilitates decentralized applications (dapps) and the creation of custom blockchains on its ecosystem. Avalanche currently has a locked total value. (TVL) in the DEFI ecosystem is estimated at $12.6 billion. According to information from DeFi Llama
“Whether it’s upgrading financial freedom or new value-added services using Stablecoins. We believe that our Start Path crypto group and our new digital assets This, combined with Mastercard’s local expertise, will accelerate access to new payment methods and prioritize choices for consumers and businesses,” said Jess Turner, Executive Vice President, Digital Infrastructure and New FinTech. of Mastercard said in a statement.
“Mastercard is setting an example for leaders in every industry on adoption. “We look forward to working with our Start Path initiatives and partners to accelerate the positive impact blockchain technology will have on individuals and institutions around the world. ”
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