Chainlink and Mastercard Enable Onchain Crypto Purchases for 3 Billion+ Cardholders
Highlights
- Chainlink and Mastercard partner to enable direct crypto purchases for 3 billion users.
- Swapper Finance bridges card payments to DeFi using Chainlink-powered smart contracts.
- Fiat-to-crypto swaps now seamless, secure, and compliant through Zerohash and Uniswap.
Mastercard and Chainlink have made an innovative partnership. Their objective is to allow more than 3 billion Mastercard cardholders to purchase cryptocurrency directly on the blockchain. This is possible on the new Swapper Finance platform enabled by the safe technology of Chainlink.
Mastercard, Chainlink, and Swapper Finance Unite to Enable Seamless Fiat-to-Crypto Conversions
The process starts when a cardholder uses their debit or credit card. They connect through the Swapper platform’s frontend. Card processing then converts fiat money into crypto using zerohash’s services. This will ensure efficient smart contract deployment with the backing of liquidity.
Chainlink will authenticate and synchronize transaction information. Thus, it helps balance conventional payment and decentralized finance.
Swapper Finance is the application that allows anyone to buy crypto on decentralized exchanges. It utilizes XSwap, one of the top DEXs in the Chainlink ecosystem. For reliability, XSwap is based on Chainlink’s standards for data and interoperability.
zerohash platform enables the conversion of fiat-to-crypto in a legal way. Shif4 payments help manage smooth card payments. The Uniswap protocol helps with liquidity to complete the onchain swap process.
Sergey Nazarov, Co-Founder of Chainlink, expressed his excitement with this innovation. As the Blockchain VP of Mastercard, Raj Dhamodharan views the development as a solution, allowing digital assets to be linked to real-life use.
Powering Global Web3 Adoption with Compliant, Scalable Infrastructure
Edward Woodford from zerohash praises the platform’s compliant crypto solutions. Drew Turchin from Uniswap Labs notes the protocol’s role in onchain markets.
This partnership marks a big step for Web3 adoption. It integrates the payment technology of Mastercard with the blockchain infrastructure of Chainlink, exposing crypto to millions.
Chainlink supports diverse industries, such as DeFi and banking. Mastercard has extended its operations to more than 200 countries to improve global presence. This collaboration promises to revolutionize onchain commerce. It aims to drive broader crypto asset use worldwide.
According to CoinGape data, the value of Chainlink’s native token LINK, stands at $13.35 currently. Over the past hour, it grew by 1.87%, showing a small positive shift in response to the recent partnership. The 24-hour period brought an 11.84% rise, hinting at a steady growth.
Chainlink 24-hour Price. Source: CoinGape
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