Mastercard has welcomed six new companies in the fields of software-as-a-service, transactions, and blockchain-based payments.
It has been reported by Mastercard that Asante Financial Services, Cledara, Jifti, Moeda Seeds, SpendDebt, and Tippy were selected for being “fintech innovators” in these fields.
However, Moeda Seeds stands out as the sole blockchain company offering digital banking, payments, and micro credits utilizing distributed ledger technology (DLT).
Mastercard Start Path has zeroed in on blockchain-based payment startups. https://t.co/ZSRRHRpz1O — Cointelegraph (@Cointelegraph) May 3, 2021
Amy Neale, Mastercard’s Senior Vice President of fintech and enablers, said:
“As the fintech landscape evolves at an unprecedented speed, Mastercard provides the infrastructure and assets to help fintech innovators grow and ultimately bring more people into the digital economy.”
“The newest Start Path companies represent the future of the fintech industry and are designing inclusive solutions that anticipate consumer needs — we’re thrilled to partner with these innovators on their path to scale.”
Mastercard is making a big push into blockchain technology, with its latest Start Path participants reflecting a renewed commitment to innovating in the payments arena. Mastercard was one of several major companies to lead a $65 million raise for ConsenSys, one of the most prominent software companies in the blockchain industry.
Thus, the credit card company has also incorporated carbon-footprint tracking into its blockchain-based Provenance Solution, which allows users to make more environmentally conscious decisions when shopping for everyday items.