Think about it, Mastercard, the very company whose cards we all use, has decided to team up with the Chainlink blockchain platform to allow almost 3 billion people to buy cryptocurrency directly through their bank cards. Yes, you heard right — now you don't need to surf crypto exchanges, register on a bunch of services and undergo eternal verification. Everything is done in the usual way — you pay with a card, and at the exit you get a crypt.
How does it even work?
Chainlink is responsible for the "interaction infrastructure" — that is, they make sure that data from the ordinary world (for example, how much money you spent and what you bought) gets safely into the blockchain. Mastercard connects its huge network of users and service providers. And then a few more companies come into play.:
Zerohash — they are responsible for the storage of crypts, compliance with laws and technical processing.
Shift4 — processes the card payments themselves.
XSwap — ensures that you get the right crypto at a favorable rate by aggregating offers from decentralized exchanges like Uniswap.
Sergey Nazarov, co—founder of Chainlink, said that this is exactly what they created their platform for - to connect the old financial world with the new, decentralized one. And now it's not just an idea, but a real project in which almost three billion people will have access to DeFi (decentralized finance). It's as easy as paying for pizza online.
Mastercard, in turn, continues to position itself as a bridge between traditional banks and new digital assets. Their vice president of blockchain, Raj Dhamodharan, says that the company is doing everything to simplify this transition to the world of Web3 and blockchain for ordinary users.
In short, it seems that the crypt has become one step closer to everyday life.
Do you think people will really massively switch to such methods of buying cryptocurrencies if everything can be done with one card?
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