MasterCard payment system is on its way to support crypto projects, while a large investor predicts further BTC crushing

For the first time, MasterCard would support cryptocurrency projects

MasterCard has started an updated Start Path program aimed to support crypto startups working with blockchain. The company has already chosen 7 startups from different countries.

“One of our main goals is to arrive the future of cryptocurrency, so we do, connecting strong financial principles with innovations”, notes Jess Turner, Mastercard Executive Vice President, Digital Infrastructure and Fintech.

The Start Path participants will get access to multiply tools and innovations of MasterCard for scaling their own innovative products. It also lets companies start mutual pilot projects with the worldwide payment system. Besides, the participants would retain their intellectual property rights.

A large investor predicts further BTC crushing

Mark Mobius, the founder of Mobius Capital Partners, believes any form of regulation would harm any furthers BTC developments. He notes, “the governments regain its pressure on the whole crypto industry”.

That is why many projects appear right now until it is not too late to use possible opportunities, the investor believes. In his opinion, for now, BTC is held by two elephants, called a great sums infusion from and excitement around BTC, which is wrong compared with gold.

“I’m hesitant to condemn it because so many people have faith in it. It’s all a matter of belief and faith, rather than a strict interpretation of the numbers,” Mobius said, noting he is not investing in the cryptocurrency at this moment.