News
Peaq joins Mastercard Start Path program, connects DePIN with tradfi
Peaq, a layer 1 blockchain, has become a participant in the Mastercard Start Path program.
Representatives of peaq, a layer 1 blockchain for decentralized physical infrastructure networks (DePIN) and real-world machine assets (RWA), told crypto.news that the payments giant’s program is designed to support promising late-stage projects across various fintech and web3 vertical.
With the help of MasterCardpeaq will explore many promising implementations that bridge the DePIN industry and the world of traditional finance (trad) and fintech. The program also helps projects expand their ecosystem with new opportunities to secure strategic partnerships, build communities, raise funds and more.
Sabrina Tharani, SVP of Global Fintech Programs at Mastercard, said the company continues to seize opportunities to support and innovate with startups to build the future of blockchain and digital asset innovation. Through the Start Path startup engagement program, the company welcomed Kulipa Inc., Parfin, peaq, Triangle Digital and Venly.
“This dynamic set of startups will have access to our partner network, including mentorship opportunities and resources to support them in adapting their solutions and reaching new markets,” said Sabrina Tharani, SVP of Global Fintech Programs at Mastercard.
Tradfi integration will make DePIN more convenient, enabling use cases such as assigning fully compliant payment methods to an electric vehicle and offline payment for a charging session.
“Partnering with Mastercard, the leading payment processing platform, will pave the way for easy interactions between DePIN and trading services, enabling millions of web2 natives to join this transition,” Till Wendler, co-founder, said in a statement by peaq.