Singapore’s peaq Among 5 Global Startups in Mastercard’s Blockchain Accelerator

Singapore’s peaq Among 5 Global Startups in Mastercard’s Blockchain Accelerator

by May 16, 2024

Payment giant Mastercard has announced the inclusion of five global startups in its Start Path Blockchain and Digital Assets programme.

This initiative aims to enhance user experiences and expand the applications of blockchain technology in solving real-world problems.

Singapore-based startup peaq is among the selected participants joining Start Path to expand into new markets and scale blockchain innovation.

peaq focuses on providing borderless digital infrastructure for real-world applications, leveraging vehicles, machines, robots, and devices.

Till Wendler

Till Wendler

Till Wendler, Co-founder of peaq said,

“We are thrilled to join Mastercard Start Path, which opens up an exciting array of prospective bridges between decentralized physical infrastructure networks (DePIN), which peaq was built to power, and traditional finance.

 

This is a great step for the project, and we are certain that it will go a long way in advancing real-world Web3 adoption and unlocking new opportunities for the Economy of Things.”

Other startups joining the programme include France’s Kulipa specialises in next-gen crypto payment card issuing for digital wallets, while the U.K.’s Parfin develops enterprise-grade software for financial institutions to adopt blockchain technology.

In the USA, Triangle focuses on sustainability by integrating climate data with finance. Meanwhile, Belgium’s Venly simplifies blockchain integration for developers and businesses.

These startups will get collaboration opportunities, bespoke training, and access to Mastercard’s customers and channels through the virtual four-month programme.

Since its inception in 2014, Mastercard’s Start Path programme has supported over 400 startups from 54 countries.

 

Featured image credit: Edited from Freepik