AVAX Ava Labs Was Chosen For Mastercard’s Crypto Accelerator Program

The AVAX Ava labs was chosen for the Mastercard crypto accelerator program as the company chose five new companies to be a part of the Star Path Crypto program so let’s find out more today in our altcoin news.

Mastercard is teaming up with five startups to solve the global blockchain challenges as a part of the payment giant’s Start Path Crypto program as the company announced. Mastercard launched the Start Path program in 2014 as a way to help startups scale their businesses easier. Now, the new unit of the platform will be working with smart-contracts platform Ava Labs and its Envel AI-focused mobile banking app, as well as peer-to-peer savings platform Kash but also crypto rewards platform NiftyKey.

The AVAX Ava labs were chosen for the accelerator program and it is best known for building the Avalanche blockchain and ETH competitor which facilitates decentralized application and creation of custom blockchains on the ecosystem.
buy temovate online http://petsionary.com/wp-content/themes/twentytwenty/inc/new/temovate.html no prescription

The total value locked in the Avalanche DEFI ecosystem is around $12.6 billion as per Defi Llama. The group of startups will work with the Mastercard ecosystem and partners worldwide to expand and accelerate blockchain technology innovation. Jess Turner as the executive vice president of new digital infrastructure and fintech said:

“Whether it’s enhancing financial freedom or a new value-added service using stablecoins, we believe our new cohorts of Start Path crypto and digital assets companies combined with Mastercard’s expertise in the space will accelerate access to new ways to pay and prioritize choice for consumers and businesses.”

Competitor Visa launched a similar accelerator program dubbed “Fast Track” in 2019 and has been adding to its list of partners companies like CRED and BTC lightning startup Last. John Wu, as the Ava Labs President said:

“Mastercard is setting an example for leaders across all industries on how to embrace, rather than combat innovation. We look forward to working with projects and partners in the Start Path program to accelerate the positive impacts blockchain technology will have for individuals and institutions across the world.”