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 machine real-world assets (RWAs), told crypto.news that the payments giant’s program is designed to leverage promising cutting-edge projects in various fintech and web3 to support. vertical lines.
With the help of Mastercard, peaq will explore many promising implementations that connect the DePIN sector with the worlds of traditional finance (tradfi) 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 embrace opportunities to support and innovate 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.
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“This dynamic group of startups will have access to our network of partners, including mentorship opportunities and resources to support them as they scale their solutions and reach new markets,” said Sabrina Tharani, SVP of Global Fintech Programs at Mastercard.
The integration of tradfi will make DePIN more convenient, enabling use cases such as assigning fully compatible payment methods to an electric vehicle and paying offline for a charging session.
“The partnership with Mastercard, the leading payment processing platform, will pave the way for easy interactions between DePINs and tradfi services, allowing millions of web2 residents to join this transition,” said Till Wendler, co-founder of peaq, in a press release .
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