✔️ Mastercard has announced five new startups on its Start Path Crypto program, which is meant to use blockchain to solve “real world problems” around the world. The five new startups are Ava Labs, Envel, Kash, LVL and NiftyKey.
✔️ Ava Labs works with decentralized applications on the Avalanche smart contract platform, while Envel is the AI mobile banking app, and Kash acts as a peer-to-peer platform to invest and save in decentralized technology. Meanwhile, LVL is a Bitcoin banking app and NiftyKey is a crypto rewards platform.
✔️ The program provides an “fast track” for companies to expand and grow, with Mastercard providing various services to innovate quickly, and bring new solutions to market at speed.
✔️ CONCLUSION:
This program will help companies connect to global Mastercard networks, explore value-added services and blockchain development opportunities.
👉 Witnessing the boom of NFT, as well as the piloting of digital currencies by central banks, Mastercard has been quick to look for new uses, where blockchain can support the future, accelerate access to new ways to pay, prioritizing choice for consumers and businesses.
👉 This move by Mastercard shows that blockchain is gradually being connected to the real world, moving towards revolutionizing global payments, it's only a matter of time.
✅ This is news for reference, not investment advice.
< Source: Mastercard, Coindesk, CryptoKimKhoi >