Peaq, a layer 1 blockchain, has joined the Mastercard Start Path program. Representatives of peaq, a blockchain for decentralized physical infrastructure networks (DePIN) and machine real-world-assets (RWAs), announced that the payment giant’s program is designed to support advanced-stage projects in various fintech and web3 verticals.

With Mastercard‘s support, peaq aims to link the DePIN sector with traditional finance (tradfi) and fintech. The program facilitates projects in expanding their ecosystem, securing strategic partnerships, building communities, and raising funds.

Sabrina Tharani, SVP of Global Fintech Programs at Mastercard, expressed that the company continues to support and innovate with startups to shape the future of blockchain and digital assets innovation. Through the Start Path program, Mastercard welcomed startups including Kulipa Inc., Parfin, peaq, Triangle Digital, and Venly.

“This dynamic set of startups will receive access to our network of partners, including mentorship opportunities and resources to support them to scale their solutions and reach new markets,” said Sabrina Tharani.

The integration of tradfi will enhance DePIN by enabling use cases such as assigning compliant payment methods to an electric vehicle and paying offline for charging sessions.

“The partnership with Mastercard, a leading payments processing platform, will facilitate interactions between DePINs and tradfi services, allowing millions of web2 users to join this transition,” said Till Wendler, co-founder of peaq.

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