- Mastercard and Chainlink partner to enable crypto purchases for over 3 billion cardholders.
- Integration of traditional finance with decentralized finance through secure fiat-to-crypto conversion.
- Swapper Finance platform goes live, providing direct access to cryptocurrency markets.
Mastercard (MA, Financial) has formed a strategic partnership with Chainlink to enable over 3 billion cardholders to purchase crypto assets directly onchain through a secure fiat-to-crypto conversion system. This collaboration integrates Mastercard's global payments network with Chainlink's interoperability infrastructure, complemented by key partners such as zerohash, Shift4 Payments, Swapper Finance, and XSwap.
The partnership leverages the Uniswap protocol to create a unified and compliant platform. Zerohash provides the core compliance and transaction infrastructure, Shift4 handles card processing, and XSwap sources liquidity from decentralized exchanges. This service is now live through the Swapper Finance platform at swapper.finance.
This move signifies a significant advancement for Mastercard in bridging traditional payment infrastructure with decentralized finance (DeFi) markets. The integration positions Mastercard as an infrastructure provider for the burgeoning crypto economy, utilizing its existing global payments network to facilitate direct pathways between Mastercard’s payment rails and onchain decentralized exchanges.
