Yesterday Mastercard announced six startups selected for its Start Path fintech accelerator. Amongst the chosen startups, Brazil’s Moeda Seeds was the sole blockchain firm. The other companies are Asante Financial Services, Cledara, Jifiti, SpenDebt and Tippy.
Moeda positions itself as a blockchain payments app for social impact and sustainability. Users of its payments app Moedapay earn impact cashback credits which can be put towards future Moeda social impact projects.
It has a an online marketplace which so far has a single offering, an artisanal beer. However, when a user purchases the product, they can see where the money goes. For beer, 60% goes to the beer company, 20% goes to a local cooperative, and Moeda’s crypto coin takes a 20% cut.
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