Peaq, a tier-1 blockchain, has become a participant in the Mastercard Start Path program.
Representatives of Peaq, a layer-one blockchain for decentralized physical infrastructure networks (DePIN) and machine real-world assets (RWAs), told crypto.news that the payment giant's software is designed to support promising advanced-stage projects in various areas of fintech and web 3. Vertical .
With MasterCard's help, Peaq will explore several promising applications bridging the DePIN sector and the world of traditional finance (tradfi) and fintech. The program also helps projects expand their ecosystem through new opportunities to secure strategic partnerships, build communities, raise funds, and more.
Sabrina Tharani, senior vice president of global fintech programs at Mastercard, said the company continues to embrace opportunities to support and innovate with startups to build the future of blockchain and digital asset innovation. Through its Start Path startup engagement program, the company welcomed Kulipa Inc., Parfin, peaq, Triangle Digital, and Venly.
“This dynamic group of startups will have access to our network of partners, including mentoring opportunities and resources to support them to scale their solutions and reach new markets,” said Sabrina Tharani, Senior Vice President of Global FinTech Programs at Mastercard.
The tradfi integration will make DePIN even more convenient, enabling use cases such as assigning payment methods fully compatible with the 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 DePINs and tradfi services, enabling millions of native web2 users to join this transformation,” Till Wendler, co-founder of Peaq, said in a statement.