Mastercard Joins Forces with Chainlink, Facilitating Crypto Purchases for 3 Billion Card Users

Chainlink and Mastercard have teamed up to permit 3 billion global cardholders to buy crypto assets directly on-chain via secure fiat-to-crypto conversion. The partnership combines Chainlink's secure interoperability infrastructure and Mastercard's trusted global payments network, breaking down obstacles inhibiting mainstream users from accessing the on-chain economy.

Other partners, including Zerohash, Shift4 Payments, Swapper Finance, and XSwap, will also contribute to the project, offering services ranging from on-chain solutions to seamless card processing. The initiative will allow users to convert fiat currency into crypto using smart contracts in a regulated environment. However, this partnership has not significantly impacted the price of Chainlink's LINK token.