The announcement comes amidst the growing boom associated with AVA Labs y Avalanche, red donde el ecosistema DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. begins to grow at high speed due to the operational properties of the network. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. for near-instantaneous transactions at low cost.
The issuer of credit and debit cards widely used around the world,Mastercard, announced the election ofAVA Labs and four other companies to participate in the new edition of its crypto accelerator, which would be aimed at solving some of the global challenges facing the technology.Blockchain at the present time.
AVA Labs and other companies will participate inStart Path Crypto
Better known as “Start Path Crypto“This would be the new edition of its accelerator program originally dedicated to support companies with their business models,Start Path, which dates back to 2014 and this time will focus on addressing the specificities of the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. sector andBlockchain, this in the face of new trends in payment and record keeping.
As such, the unitStart Path Crypto chose the developer of smart contractsAVA Labs to participate in their program, this hand in hand with other companies such asEnvel (from the AI sector),Kash (P2P savings platform),LVL (app de bancaBitcoin) yNiftyKey (crypto rewards service).
In the case ofAVA Labs, let’s keep in mind that the organization is mainly known for the development of the network.Blockchain Avalanche, one of the projects that currently enjoys much relevance precisely because of its properties in terms of scalability, speed and low cost per operation, which has attracted many initiatives interested in taking advantage of these qualities for their business models. The sector that is currently gaining more relevance in its ecosystem is that of decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance.(DeFi), which has more than USD $12.6 billion in escrow a financial instrument where assets or cash are held by a third party while a buyer and a seller complete a deal. funds to date.
In this regard, the president ofAVA Labs, John Wu, comentó:
“Mastercard is setting an example for representatives across industries on how to embrace innovation, rather than fight it. We look forward to working with projects and partners in the Start Path program to accelerate the positive impact Blockchain technology will have for people and institutions around the world.”
Start PathdeMastercard and support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. forBlockchain
The fact that this new edition ofStart Path is especially aimed at companies in the crypto sector andBlockchain, The new technology is becoming more and more relevant in recent times, especially in the main financial sectors.
In this regard, the executive vice president of the area of new digital infrastructure and financial technology forMastercard, Jess Turner, comentó:
“Whether it’s enhanced financial freedom or a new value-added service using stablecoins, we believe our new cohorts of Start Path crypto and digital digital technologies are these electronic tools that have the ability to generate, store or even process data. asset companies, combined with Mastercard’s expertise in the space, will accelerate access to new forms of payment and prioritize choice for consumers and businesses.”
Let’s keep in mind that in the last edition of the programmeStart Path held in the middle of this year also addressed the crypto sector. On that occasion, entities such asGK8 , Domain Money , Mintable , SupraOracles , STACS , Taurus y Uphold, which were also aimed at promoting innovation and technology adoption.Blockchain, looking for interaction with other sectors where digital currencies would be most useful.
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- Avalanche Launches $200 Million Fund to Boost DeFi and NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. Ecosystems
- Mastercard expects to become a payment provider with CBDC
Version by Angel Di Matteo /DiarioBitcoin