More than three billion Mastercard customers worldwide will be able to buy cryptocurrencies directly on-chain thanks to a cooperation launched by Chainlink and Mastercard.
The partnership leverages the advantages of both companies: Chainlink’s secure interoperability architecture and Mastercard’s reputable global payments network. For the first time, regular customers can make straight-on-chain transactions and convert money into cryptocurrency using their Mastercard in a single, seamless flow.
How the Chainlink Partnership with Mastercard Works
The collaboration is part of Mastercard’s expanding cryptocurrency initiative. Users may now access crypto debit cards and spend stablecoins at millions of retailers thanks to recent partnerships with MoonPay and Kraken. However, this most recent action is the most direct integration to date.
This is because it enables billions of cardholders to engage with on-chain assets without requiring complicated onboarding procedures or centralized exchanges.
The new service incorporates several important players:
- Shift4 is in charge of processing card payments.
- ZeroHash provides cryptocurrency liquidity, along with fiat custody and compliance services.
- Token swaps are carried out on decentralized exchanges via Uniswap and XSwap.
- Swapper Finance hosts the live platform for the new service.
Chainlink’s interoperability protocol serves as the link between several blockchains and Mastercard’s payment rails, safely transmitting transaction data between them. The end result is a seamless fiat-to-crypto conversion process carried out via smart contracts for enhanced security and transparency.
How The Industry Benefits
By integrating with decentralized protocols like Uniswap, the partnership streamlines cryptocurrency purchases and paves the way for future innovations in on-chain finance, such as lending, staking, and decentralized identity. Compliance and security remain at the forefront, with Zerohash providing core transaction infrastructure and regulatory safeguards.
The service is now live on Swapper Finance, giving Mastercard users immediate access to the crypto economy. The move positions Mastercard as a forward-thinking infrastructure provider for the burgeoning DeFi sector, while Chainlink cements its role as the essential bridge between traditional and decentralized finance.
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