Chainlink and Mastercard Enable Crypto Purchases for 3 Billion Cardholders
Chainlink and Mastercard have integrated their networks, allowing over three billion Mastercard holders to purchase cryptocurrencies directly on-chain. Key components of the service include:
- Shift4 processes card payments.
- zerohash manages fiat currency custody and provides crypto liquidity.
- XSwap and Uniswap handle token swaps on decentralized markets.
Chainlink’s interoperability protocol facilitates data transfer between the card network and various blockchains. Mastercard aims to connect on-chain commerce with off-chain transactions, as stated by Raj Dhamodharan. This partnership strengthens the link between traditional payments and Mastercard's user base.
Mastercard is expanding its presence in the cryptocurrency sector, having recently partnered with MoonPay and Kraken to enhance crypto payment options for users.