Chainlink has announced a partnership with Mastercard that allows over 3 billion cardholders worldwide to purchase cryptocurrency.
Partnership for Fiat to Crypto Conversion
The collaboration is secured in close partnership with Zerohash, Swapper Finance, Shift4 Payments, and XSwap using the Uniswap protocol. Zerohash provides the necessary services and liquidity for converting fiat into crypto through seamless smart contract execution. Chainlink operates on a trusted interoperability infrastructure, while Mastercard acts as a reliable global payment network, expanding access to the on-chain economy for a wide audience.
Connecting Traditional Finance and DeFi
Sergey Nazarov, Co-Founder of Chainlink, noted that the partnership represents a convergence of traditional finance and decentralized finance enabled by Chainlink. He expressed enthusiasm about opening up possibilities for over 3 billion Mastercard users into the realm of decentralized exchanges. Nazarov emphasized the importance of collaborating with the Mastercard team to bring this innovation to life.
Creating User-Centric Solutions
Edward Woodford, CEO of Zerohash, expressed excitement about being the infrastructure partner on the Swapper Finance platform. He noted that Zerohash offers flexible compliance-focused infrastructure for crypto swaps. Drew Turchin from Uniswap Labs remarked on the foundational role of the Uniswap protocol for on-chain markets, enabling developers to create new tools for a range of users.
The partnership between Chainlink and Mastercard presents an opportunity to simplify access to cryptocurrencies for a broad audience, creating new solutions based on technologies that bridge traditional financial tools and modern decentralized systems.
