Chainlink has partnered with Mastercard to enable over 3 billion payment cardholders worldwide to purchase crypto assets directly onchain through secure fiat-to-crypto conversions. This integration connects traditional offchain payments with the decentralized finance (DeFi) ecosystem.
The collaboration involves zerohash, Swapper Finance, Shift4 Payments, and XSwap, leveraging the Uniswap protocol to facilitate seamless liquidity and smart contract execution. Zerohash provides onchain liquidity and compliance infrastructure, while Shift4 Payments handles card processing. XSwap sources liquidity from decentralized exchanges like Uniswap, enabling onchain trade execution.
Sergey Nazarov, Chainlink’s co-founder, emphasized the significance of merging traditional finance with DeFi, enabling Mastercard’s extensive user base to access onchain trading environments securely.
“This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible,” Nazarov said.
Raj Dhamodharan, EVP of Blockchain & Digital Assets at Mastercard, highlighted the partnership’s role in bridging the gap between digital assets and traditional transactions.
“We’re unlocking a secure and innovative way to revolutionize onchain commerce and drive broader crypto adoption,” Dhamodharan stated.
The integrated platform, Swapper Finance, powered by Chainlink, combines compliant infrastructure and user-friendly interfaces to bring crypto access directly to mainstream cardholders. The service is live and accessible at https://swapper.finance.
Additional remarks from Edward Woodford, CEO of zerohash, underscored the seamless and compliant onboarding this infrastructure provides for accessing decentralized exchanges.
Drew Turchin from Uniswap Labs noted the protocol’s foundational role in onchain markets, praising Swapper Finance for leveraging it effectively.
This partnership exemplifies ongoing efforts to enhance interoperability between traditional payment networks and decentralized blockchain systems, accelerating public adoption of crypto technology.
About Chainlink: Chainlink is a leading blockchain oracle network connecting smart contracts to real-world data and systems across DeFi, banking, and cross-chain applications.
About Mastercard: Mastercard operates a global payments network in over 200 countries, offering secure and accessible digital transaction solutions.
About zerohash: Zerohash provides compliant infrastructure for crypto, stablecoins, and tokenized assets supporting major companies worldwide.