Mastercard Partners with Chainlink to Enable Crypto Purchases for 3 Billion Cardholders
A partnership between Mastercard and Chainlink aims to enhance on-chain commerce. This integration will allow Mastercard’s 3 billion cardholders to purchase cryptocurrencies directly.
Partnership Details
- The collaboration connects Mastercard’s payment network with blockchain via Chainlink’s interoperability protocol.
- Shift4 processes card payments, ZeroHash manages fiat custody and crypto liquidity, XSwap and Uniswap facilitate token swaps.
- Chainlink ensures reliable transaction data flow through its cross-chain interoperability protocol.
Chainlink Co-Founder Sergey Nazarov noted the importance of this convergence between traditional finance and decentralized finance.
Mastercard's Digital Asset Initiatives
- This announcement supports Mastercard's recent efforts in digital assets, including partnerships with MoonPay for stablecoin payments and Kraken for crypto debit cards.
- Raj Dhamodharan emphasized bridging on-chain and off-chain transactions as a sign of growing institutional support for decentralized finance.
Market Impact
The LINK token increased over 4%, trading around $13.35. It has breached the $12.00 mark, approaching resistance at $14.50–$15.00. Support remains strong near $10.00–$11.00. A breakout above $15.00 could lead to prices nearing $19.96 in the coming weeks.