Mastercard Launches Crypto Partner Program With 85+ Firms to Power Global On-Chain Payments
Key Takeaways:Mastercard Brings 85+ Crypto Firms Into One Global InitiativeConnecting Blockchain Innovation With Global Payment RailsCombining On-Chain Technology With Traditional PaymentsBuilding on Existing Crypto and Blockchain Initiatives
The new initiative is based on the current activity of Mastercard in the digital asset world. The company has initiated a number of programs in the last couple of years to support blockchain innovation.
The Start path, an entrepreneur accelerator initiative of Mastercard, is one of these, having a separate blockchain and digital asset track. Another platform that the company operates is Engage, which facilitates the collaboration between fintechs and partners of Mastercard.
The other major program is the Crypto Card program whereby crypto wallets and exchanges are allowed to issue payment cards to enable their users to spend digital assets at the global merchant network of Mastercard. These initiatives have grounded the path to the enhanced collaboration of old-era financial systems with blockchain firms.
About Author
