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 (DePINs) and machine real-world assets (RWAs), told crypto.news that the payments giant’s program is designed to support promising late-stage projects in various fintech and web3 spaces. told. verticals.

With the help of Mastercard, Peaq will explore many promising applications connecting the DePIN sector with the world of traditional finance (tradfi) and fintech. The program also helps projects expand their ecosystems with 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 support startups and embrace innovation opportunities to build the future of blockchain and digital asset innovation. Through the Start Path startup engagement program, the company acquired Kulipa Inc., Parfin, peaq, Triangle Digital and Venly.

“This dynamic group of startups will gain access to our partner network, including mentoring opportunities and resources that will support them to scale their solutions and reach new markets,” said Sabrina Tharani, Senior Vice President of Global Fintech Programs at Mastercard.

The integration of Tradfi will make DePIN more useful and enable use cases such as assigning fully compatible payment methods to an electric vehicle and paying offline for a charging session.

“Partnering with leading payment processing platform Mastercard will pave the way for easy interaction between DePINs and tradfi services, allowing millions of web2 natives to participate in this transition,” Peaq co-founder Till Wendler said in a statement.