Chainlink partners with Mastercard, ushering in an era where 3 billion users can purchase cryptocurrency on-chain.
A revolution in payments and blockchain is underway! Chainlink announces a significant partnership with global payment giant Mastercard, allowing over 3 billion Mastercard cardholders to directly purchase cryptocurrency through on-chain services. This integration is powered by Chainlink's cross-chain protocol, connecting traditional finance with decentralized finance (DeFi) seamlessly.
Collaboration Highlights: A bridge between traditional payments and blockchain
This collaboration relies on Chainlink's secure interoperability infrastructure and Mastercard's global payment network, allowing users to pay with their Mastercard to exchange crypto assets on the blockchain. This innovation not only enhances the convenience of cryptocurrency but also marks an important milestone for DeFi's entry into mainstream finance.
Unsung Heroes: Collaborative efforts create a seamless experience
The realization of this service is made possible through the concerted efforts of multiple companies:
zerohash: provides compliant liquidity and custody support, ensuring secure and reliable transactions.
Shift4 Payments: responsible for processing card payments, connecting traditional financial channels.
XSwap: obtains liquidity from decentralized exchanges (DEX) like Uniswap to optimize exchange efficiency.
Swapper Finance: integrates resources from various parties to create a one-stop user experience.
Uniswap: as one of the core DEXs, provides rich on-chain liquidity.
Industry Voices: Leading the Future of Finance
Chainlink co-founder Sergey Nazarov stated: "This collaboration is a key step in merging traditional finance with DeFi, opening the door to the crypto world for users globally."
A Mastercard representative emphasized: "We are committed to exploring secure and compliant on-chain payment solutions to promote the widespread use of crypto assets."
Now Live: Swapper Finance sets sail first
The Chainlink-powered Swapper Finance platform officially launched today, providing users with an intuitive and efficient on-chain coin purchasing experience. This is not only a victory for technology but also a new chapter in financial inclusion.
The collaboration between Chainlink and Mastercard signifies the melting boundaries between cryptocurrency and everyday payments. With 3 billion users, the on-chain future is within reach!