BitsCrunch, an NFT-focused blockchain firm, has established a partnership with MasterCard, a renowned payments service provider. bitsCrunch and MasterCard plan to bring cutting-edge collaborative solutions to consumers through MasterCard’s Start Path program, a worldwide startup engagement program aimed to help firms scale.
The MasterCard Start Path provides a varied range of startup engagement programs, including access to MasterCard’s fintech solutions (APIs, tools, and more), global consumer base, and partners, giving innovative later-stage firms the necessary infrastructure and support.
“With MasterCard, companies around the world may develop platforms across open banking, predictive financial modeling for small businesses, smart rental payments, and more,” according to a representative for the MasterCard Start Path Program Team. Through the relationship with bitsCrunch, businesses will have access to MasterCard’s worldwide ecosystem and will be able to reach new audiences through MasterCard consumers. The partnership will ensure safe and secure transactions, boosting the brand’s credibility.”
As cryptocurrencies become more widely accepted, various established payment options are rapidly moving into the world of digital assets. In this way, MasterCard hopes to make transactions easier for non-crypto users by allowing them to buy digital assets with a variety of fiat currencies, debit cards, and credit cards. MasterCard now provides its global users a direct entry to the crypto ecosystem, particularly the ever-expanding NFT industry, thanks to its cooperation with bitsCrunch.
bitsCrunch, on the other hand, may expand into the mainstream market by leveraging MasterCard’s global consumer base, relationships, and technology. The platform is modernizing NFTs with its diverse set of goods and services, all of which are aimed to address issues such as unfair NFT valuation, wash trading, falsification, and a lack of information.
The bitsCrunch NFT Analytics Dashboard aids in the detection of fraudulent behavior and improves the transparency and reliability of NFT. In addition, the platform is developing two new products: Liquify – Fair Price Estimator, which will help users determine the fair price of any NFT, and Digital Asset Forgery Detection System, which will detect forgeries. Furthermore, bitsCrunch’s solutions are compatible with a number of popular blockchain networks, including Polkadot, Ethereum, Polygon, and Avalanche.
BitsCrunch secured $3.6 million from some of the industry’s biggest private investors and institutions earlier this month. These monies will be used to spread the company’s offerings to other well-known blockchains. Heavyweights including Bison Funds, Polygon Studios, Crypto.com Capital, Coinbase Ventures, and financial specialists from Goldman Sachs, JP Morgan, and Facebook, among others, joined Animoca Brands in this investment round, which was led by Animoca Brands.
“BitsCrunch offers uniform quality and safety throughout the digital assets startups with tech-savvy tools, a fantastic team, and industry expertise,” says bitsCrunch CEO Vijay Pravin Maharajan. “Working with MasterCard Start Path enables us to provide best-in-class solutions to new crypto industry customers while also changing business environments.” We’re also pleased to learn that bitsCrunch will be added to the MasterCard Start Path program in the near future.”