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Mastercard, the largest credit card operator, has announced that it is inviting 7 new crypto companies to participate in its Start Path global innovation program. Since its inception in 2014, the system has helped more than 350 startups raise $3.5 billion in funding.
Representatives of Start Path welcomed the new participants of the program and emphasized that they will receive all the necessary conditions for fruitful development. 3 companies from the USA will take part in the system: Web3 Loot Bolt, Quadrata and Uptop. The rest is represented by startups from Singapore, Dubai and Colombia.
By bringing together various corporations from the cryptocurrency segment, Mastercard Start Path aims to stimulate innovation in this segment and accelerate the adoption of the global concept of Web3. However, Mastercard is not the only corporation that is actively investing in the promotion of fintech.
In November 2021, the largest exchange Binance initiated the Objective Moon program, which aims to establish a research center in France. From open sources it became known that for these purposes the company invested more than $100 million.
Last April, Binance CEO Changpeng Zhao praised France’s long-term strategy for adopting cryptocurrencies. The exchange also acquired a site in the largest startup pool Station F (France). In addition to Binance, this project is actively supported by global giants represented by Google and Microsoft.
Earlier, the editors of Crypto.ru informed: experts from Coindeck note serious difficulties in the cryptocurrency industry. Against the backdrop of a protracted bearish trend in the market, many companies were forced to make staff cuts. Against this background, more than 12,000 specialists have lost their jobs (as of November 3, 2022).
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