peaq representatives, creators of a layer 1 blockchain for Decentralized Physical Infrastructure Networks (DePIN) and Real-World Assets (RWAs), informed reporters that Mastercard’s program aims to back advanced-stage projects across fintech and web3 sectors.
Assisted by Mastercard, peaq will delve into numerous promising applications that bridge the DePIN sector with traditional finance (tradfi) and fintech. Additionally, the program facilitates project expansion by offering opportunities for strategic partnerships, community building, fundraising, and beyond.
Sabrina Tharani, Mastercard’s SVP of Global Fintech Programs, expressed the company’s commitment to fostering innovation with startups to shape the future of blockchain and digital asset technology. As part of the Start Path startup engagement program, Mastercard has recently welcomed Kulipa Inc., Parfin, peaq, Triangle Digital, and Venly into its ecosystem.
Sabrina Tharani, Mastercard’s SVP of Global Fintech Programs, stated, “These innovative startups will gain access to our partner network, offering mentorship and resources crucial for scaling their solutions and accessing new markets.”
Incorporating traditional finance (tradfi) into DePIN will enhance convenience, facilitating scenarios like seamlessly linking compliant payment methods to an electric vehicle and enabling offline payment for charging sessions.
In a statement, Till Wendler, co-founder of peaq, emphasized that partnering with Mastercard, a prominent payments processing platform, will streamline interactions between DePINs and tradfi services. This collaboration aims to facilitate the transition for millions of web2 users.
0 Comments