International payments heavyweight Mastercard carries on its assistance for crypto and blockchain startups as included in its fintech accelerator scope, the Mastercard Start Path program.

Specifically, Mastercard has reportedly finalized the selection of an extra seven sector startups for its Start Path program, in a bid to promote the adoption of crypto and blockchain technology. 

The new group of startups consists of the crypto gateway provider Fasset, Singapore’s crypto payments platform Digital Treasures Center along with the Colombian stablecoin-centric entity Stable. 

In the past, Mastercard reportedly forged an alliance with Fasset in July to collaboratively spend resources on digital solutions to fast-track financial inclusion in Indonesia.

The most recent Mastercard Start Path program also cover the Web3-centric social payments system provider Loot Bolt, Quadrata privacy startup, the blockchain-powered media fintech initiative “Take Back the Mic” and the brand-oriented platform Uptop.

Per the announcement, the selected establishments will commence interactions via bridging the gap between Web2 and Web3 as one of their primary targets. 

“We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3 technologies,” Mastercard added.

Established in 2014, Mastercard Start Path operates as a six-month accelerator program which is particularly built as an instrument of assistance for startups with their expansion and commercialization of their products and services. 

Mastercard has offered facilitating features to over 350 startups up until now, with many of them achieving unicorn status, including entities like banking provider Thought Machine, the Indian fintech startup Zeta and Razorpay.