Global innovation platform, Plug and Play, together with founding partners Visa, AllianceBlock, The INX Digital Company, IGT, and Franklin Templeton, has announced “the launch of their new Crypto and Digital Assets program in Silicon Valley.”
The program aims “to connect international startups with the founding partners to pilot the startups’ technologies and drive the future of Crypto and Digital Assets as world-class leaders.”
Maximillian Jungreis, Head of Crypto and Digital Assets at Plug and Play, said:
“Plug and Play is excited to partner with Visa, AllianceBlock, The INX Digital Company, IGT, and Franklin Templeton to launch our new program and multiply our reach and impact in the crypto space. We look forward to accelerating enterprise-level adoption and bridging the gap between Web2 and Web3.”
Dan Roesbery, Vice President, Global Fintech Partnerships at Visa, remarked:
“At Visa, we believe partnerships can unlock a deeper understanding of the emerging use cases in the payments ecosystem. We’re excited to partner with Plug and Play to innovate with fintech and crypto platforms at all stages of the startup lifecycle on new money movement experiences.”
Headquartered in Sunnyvale, Calif., Plug and Play “connects startups and leading corporations worldwide through industry-specific accelerator programs.”
The founding partners of the Crypto and Digital Assets program “will access a global network of startups developing new digital technologies and innovative tools.”
In addition to their partners’ specific interests, Plug and Play’s new Crypto and Digital Assets vertical will have four broader focus areas:
- Stablecoin Adoption: Stablecoins — cryptocurrencies pegged to an underlying financial asset — have emerged as a leading crypto use-case by providing global access to the world’s strongest fiat currencies. Businesses adopting stablecoins get all the benefits of crypto without the volatility: lower fees, secure transactions, and instant cross-border payments.
- Decentralized Finance: By making units of value — stocks, bonds, real estate, currencies, etc. — interoperable, programmable, and composable on blockchains, capital markets will become more efficient and accessible to everyone on the planet.
- Crypto Economics: Tokens create opportunities for innovation in capital formation and human coordination that extend beyond the digital world and into the physical. Crypto-economic systems are enhancing access to core commodities like file storage and decentralized wireless — and the business benefits are significant.
- Enterprise Blockchain: Enterprise blockchains are networks designed for large companies and organizations. They retain the core benefits of blockchains, such as efficiency and immutability, but tweak the underlying permissions to help businesses with data safety, faster transactions, and better supply chain management.
As noted in the update, blockchain technology and crypto economics “will transform how we do business on the internet and across multiple industries.”
At Plug and Play Crypto and Digital Assets, they will “accelerate enterprise-level adoption and bridge the gap between Web2 and Web3.”
As mentioned in the announcement, Plug and Play claims it is “the leading innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies.”
Headquartered in Silicon Valley, they’re “present in 50+ locations across five continents.”