Mastercard integrates Chainlink to enable card holders direct access to cryptocurrencies

Mastercard has undertaken a courageous step in the direction of the fusion of traditional financial services with decentralized technology and introduced a new function with which users can exchange fiat currencies directly via the network for cryptocurrencies.

This is made possible by the Chainlink infrastructure, which acts as a link between the traditional payment systems and the defi ecosystem.

Die introduction requires the coordinated cooperation of several crypto companies. Swapper Finance uses the Chainlink-based platform Xswap to enable decentralized token swaps while uniswap ensures liquidity. The compliance and custody takes over Zero Hash, and Shift4 enables the seamless river of Fiat transactions in cryptocurrencies.

Through this cooperation, MasterCard owners can safely buy digital assets with their cards without the need for third-party providers or stock exchanges.

Sergey Nazarov from Chainlink referred to this step as a milestone in the bridging of financial systems and emphasized the role of the project in the development of access to Defi for billions of users. Raj Dhamodharan from Mastercard added that this integration reflected the growing demand for smooth access to digital assets and put the company at the top of the innovation in the area of on-chain-Commerce.

This partnership is another step to bring crypto payments closer to the mainstream acceptance by eliminating barriers between traditional financial and blockchain ecosystems.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.