Chainlink and Mastercard have announced a strategic partnership aimed at bridging traditional finance with decentralized finance, enabling over 3 billion Mastercard cardholders to easily purchase cryptocurrency.
Nature of the Collaboration
The collaboration includes support from zerohash, which provides liquidity and compliance infrastructure for converting fiat to crypto. The ecosystem also includes Swapper Finance, XSwap, and Shift4 Payments contributing to the next-generation app experience utilizing the Uniswap protocol for decentralized liquidity.
Executives' Opinions
Sergey Nazarov, Co-Founder of Chainlink, stated, "This is the type of TradFi-DeFi convergence Chainlink was built for." He emphasized the ability to connect Mastercard's over three billion cardholders to decentralized exchanges and on-chain trading environments, praising the complexity and coordination of the integration and crediting the Chainlink community and partner teams.
Advantages of Integration
The integrated solution features zerohash as the backbone for compliance, custody, and conversion, while Shift4 handles card processing. XSwap sources liquidity across decentralized exchanges using Chainlink’s standards, and Swapper Finance provides the user interface tying these elements together into an intuitive, regulated product.
By combining the capabilities of Chainlink, Mastercard, zerohash, and supporting platforms, the partnership removes long-standing barriers to crypto adoption, allowing cardholders to securely and directly interact with decentralized finance apps.
