Peaq, a blockchain that operates at the layer 1 level, has announced its participation in the Mastercard Start Path project.
According to representatives of Peaq, a layer 1 blockchain for real-world assets (RWAs) and decentralized physical infrastructure networks (DePINs), the payment giant’s program is intended to assist promising advanced-stage projects across a range of fintech and web3 verticals.
Peaq will investigate numerous potential integrations between the DePIN industry and the realms of traditional finance (tradfi) and fintech with the assistance of Mastercard.
Additionally, the initiative gives projects new chances to forge strategic alliances, create communities, gather funding, and do much more as they broaden their ecosystem.
According to Sabrina Tharani, SVP of Global Fintech Programs at Mastercard, the business is still seizing the chance to collaborate and develop new ideas with startups in order to shape the direction of blockchain and digital asset innovation.
The company officially welcomed Kulipa Inc., Parfin, peaq, Triangle Digital, and Venly through the Start Path startup engagement program. Sabrina Tharani, SVP of Global Fintech Programs at Mastercard stated:
“This dynamic set of startups will receive access to our network of partners, including mentorship opportunities and resources to support them to scale their solutions and reach new markets”
DePIN will become more practical with the integration of tradfi, opening up use cases like charging session payments made offline and matching completely compliant payment methods to electric vehicles. Till Wendler, co-founder of peaq, said in a release:
“The partnership with Mastercard, the leading payments processing platform, will pave the way to easy interactions between DePINs and tradfi services, enabling millions of web2 natives to join this transition”
