#AnfeliaInvestment —Chainlink announced today a new partnership with Mastercard (Chainlink:$LINK ) to securely enable payment cardholders worldwide to easily purchase crypto assets directly on-chain through a secure fiat-to-crypto conversion. This advancement is powered by Chainlink’s secure interoperability infrastructure and Mastercard’s trusted global payment network, removing long-standing barriers that have kept traditional users away from the on-chain economy. zerohash provides the on-chain service and liquidity needed to convert fiat to crypto with seamless smart contract execution. Additional integration support comes from Shift4 Payments, Swapper Finance, and XSwap to deliver a next-generation application experience that utilizes the Uniswap protocol.
"This is the kind of convergence between traditional finance and decentralized finance that Chainlink was built to make possible. I am excited about Chainlink's ability to enable this critical connection between the traditional payments world and the more than three billion cardholders in Mastercard's user base, directly into the next-generation trading environments of decentralized on-chain exchanges," said Sergey Nazarov, co-founder of Chainlink. "It has been great to collaborate closely with the Mastercard team on this innovative implementation, as well as with the teams from Swapper Finance, XSwap, Shift4, and zerohash; this was a complex, multi-layered collaboration, and I loved seeing the Chainlink community help make it possible."
"There is no doubt about it: people want to be able to easily connect to the digital asset ecosystem, and vice versa. That’s why we continue to leverage our proven experience and global payment network to bridge the gap between on-chain commerce and off-chain transactions," said Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard. "By teaming up with Chainlink, we are unlocking a secure and innovative way to revolutionize on-chain commerce and drive broader adoption of crypto assets."
Swapper Finance leverages XSwap, the leading DEX built from the Chainlink ecosystem that uses the Chainlink standard for data and interoperability, through an integration between zerohash and Shift4 Payments. zerohash provides the central compliance, custody, and transaction infrastructure, making it possible to convert fiat to crypto for the consumption of smart contracts in a regulated manner. Shift4 enables seamless card processing, while XSwap obtains liquidity from decentralized exchanges like the Uniswap protocol, allowing for the final execution of trades on-chain. Together, these technologies create a unified, compliant, and intuitive user experience that brings crypto access directly to conventional payment card holders.
Bringing together the technologies of zerohash, Shift4 Payments, Swapper Finance, and XSwap along with the Chainlink standard and the power of the Mastercard network allows large amounts of previously hard-to-access value to now be leveraged to execute on-chain transactions.
"We are excited to be the infrastructure partner alongside Chainlink and Mastercard on the Swapper Finance platform," said Edward Woodford, CEO and co-founder of zerohash. "The flexible crypto and stablecoin infrastructure of zerohash powers seamless and compliant crypto-to-crypto exchanges. zerohash provides the infrastructure to make access to decentralized exchanges simple through compliant and seamless onboarding, abstracting the complexities of smart contracts and low-latency on-chain transactions."
"The Uniswap protocol has become fundamental to on-chain markets, allowing developers around the world to build new tools for a wide range of users," said Drew Turchin, Head of Business Development at Uniswap Labs. "It’s exciting to see this Swapper leverage the protocol and is another great example of how the protocol continues to serve as critical infrastructure in the financial stack."
As the adoption of crypto assets continues to grow, collaborations like the one established between Mastercard and Chainlink are helping to drive a new wave of user-centric solutions that bridge the gap between crypto-native technology and real-world usability.