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Mastercard has started working with Chainlink to make crypto trading more accessible for its users. By tapping into decentralized exchanges and crypto infrastructure, the partnership aims to allow cardholders to convert fiat directly into crypto and interact with DeFi protocols like Uniswap.
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The new collaboration allows Mastercard cardholders to convert traditional currency into crypto through a streamlined process. The integration brings together multiple players in the crypto space, including Swapper Finance and decentralized trading platform XSwap, which leverages Chainlink’s infrastructure.
Mastercard is using Zero Hash and Shift4 to manage compliance and payment processing. While Zero Hash handles regulatory checks and crypto custody, Shift4 enables secure fiat payments. Swapper Finance then routes trades through XSwap, which connects with Uniswap for liquidity.
Chainlink’s role in the project is to serve as the bridge between Mastercard’s payments system and DeFi networks. Chainlink co-founder Sergey Nazarov commented on the partnership, stating:
“This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible. I’m excited about Chainlink’s ability to enable this critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base, directly into the next-generation trading environments of onchain decentralized exchanges.
It has been great collaborating closely with the Mastercard team on this innovative implementation, as well as the teams at Swapper Finance, XSwap, Shift4, and zerohash, this was a complex and multilayered collaboration, which I was thrilled to see the Chainlink community help make possible.”
Raj Dhamodharan, Mastercard’s EVP of Blockchain and Digital Assets, explained the motivation behind the move.
“There’s no doubt about it – people want to be able to easily connect to the digital assets ecosystem, and vice versa. That’s why we continue to leverage our proven expertise and global payments network to bridge the gap between onchain commerce and offchain transactions.
In coming together with Chainlink, we’re unlocking a secure and innovative way to revolutionize onchain commerce and drive the broader adoption of crypto assets.”
By connecting off-chain payments to decentralized trading tools, Mastercard aims to simplify how users access crypto and help move digital assets closer to mainstream use.