Ankr Joined Mastercard Start Path Startup Accelerator Program
Ankr is a decentralized Web 3 Infrastructure for a better Web 3 World has partnered with the Card giant Mastercard!
Ankr joints Mastercard’s startup engagement program, designed to establish and prove fintech and crypto startups scale their business to reach a global userbase.
Mastercard was one of the first to pioneer financial products that made physical cash no longer necessary for the shopping and business applications of everyday life.
They helped reshape financial systems with new convenience and new ways of thinking about credit and debit in the 1960s until every American had a Mastercard or other bank card in their wallet.
Raj Dhamodharan, EVP Mastercard Digital Asset Products in 2021 said:
“We are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however they want.”
Ankr is now a part of Mastercard’s Start Path cryptocurrency and blockchain startup accelerator program. This is Mastercard’s global startup engagement program that is designed to help established and proven fintech and crypto startups scale their business to reach a growing global userbase.
Mastercard will provide Ankr with ways to use its existing fintech resources, APIs, and extensive range of other solutions. They will work with Ankr to launch new products, partnerships, and user experiences.
Bringing brand new financial products to the world
Ankr is one of the pioneers of staking cryptocurrency and has one of the largest and most established networks of validator nodes in the world. They are helping Mastercard consider ways to introduce staking as a fixed-income financial tool for the credit card industry. This is something that would revolutionize both traditional finance and the Web3 world, especially as the APY of staking is usually around ten times larger than even the highest yield savings accounts.
Providing blockchain infrastructure for crypto transactions
Mastercard and every other entity or application wanting to facilitate crypto transactions will need access to blockchain infrastructure to do so. Ankr can provide Mastercard with the underlying blockchain node infrastructure for 50+ networks to enable their global crypto payment rails.
About Ankr
Decentralized Infrastructure to Build and Earn in Web3. Providing the most powerful multi-chain toolkit to access the blockchain infrastructure, earning yields, and integrating DeFi solutions.
⏩ SOURCE
