Mastercard Adds a Crypto Track to Its Incubator Program

The program may rival Visa’s Fast Track initiative for crypto startups.

AccessTimeIconJul 27, 2021 at 2:37 p.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC

Global payments giant Mastercard is adding a cryptocurrency and blockchain track to its Start Path incubator program for later-stage startups. 

Mastercard offers up experts and technology partnerships with other financial services firms in the program in exchange for adding more innovative companies to its client roster.

  • Why USDT Dominates Supply With Lower Transaction Volume
    01:11
    Why USDT Dominates Supply With Lower Transaction Volume
  • Tokenization and Stablecoins Continue to Be TradFi's Top Interest in Crypto: Expert
    00:53
    Tokenization and Stablecoins Continue to Be TradFi's Top Interest in Crypto: Expert
  • WisdomTree Visa Debit Card Highlights 'Real World Use Cases for Blockchain': Head of Digital Assets
    14:11
    WisdomTree Visa Debit Card Highlights 'Real World Use Cases for Blockchain': Head of Digital Assets
  • How PayPal, Visa and BlackRock View Crypto in 2023
    02:41
    How PayPal, Visa and BlackRock View Crypto in 2023
  • Mastercard rival Visa has a similar program called Fast Track that has catered to a number of crypto startups looking to work with Visa and issue debit or credit cards. 

    As part of Mastercard’s new track, seven digital asset startups have joined: crypto custody platform GK8, non-fungible token (NFT) marketplace Mintable, crypto investing firm Domain Money, blockchain oracle company SupraOracles, digital assets firm Taurus, blockchain infrastructure company STACS and digital finance platform Uphold

    “Mastercard has been engaging with the digital currency ecosystem since 2015,” Jess Turner, Mastercard’s executive vice president of fintech, said in a press release. “Part of our role is to forge the future of cryptocurrency, and we’re doing that by bridging mainstream financial principles with digital assets innovations.”

    Last week, Mastercard announced a pilot with stablecoin issuer Circle to settle transactions in USDC.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.