Chainlink and Mastercard have formed a strategic partnership that will let more than three billion cardholders purchase crypto onchain.
The partnership empowers global users to exchange fiat into digital currencies on Swapper Finance’s onchain platform directly. Chainlink’s co-founder, Sergey Nazarov manages the technical integration on multiple layers of the decentralized finance ecosystem.
The combination couples the payment network of Mastercard with Chainlink’s established infrastructure for blockchain and data interoperability. It streamlines cumbersome onchain processes and offers regulatory compatibility and payment finality.
Swapper Finance uses Chainlink technology and the payment rails of Mastercard to facilitate onchain crypto transactions for regular users across the globe.
ZeroHash is central in managing the crypto conversion process through regulated and compliant infrastructure tools. The co-founder of ZeroHash, Edward Woodford, confirms the backend support for liquidity and transaction management.
Shift4 Payments offers real-time payment and transmission of financial information on the Swapper Finance platform. XSwap gains liquidity for Uniswap, a widely used decentralized trading platform adopted for token switching.
Chainlink connects Blockchain to Real-World payments
However, they blend into a unified application that connects traditional financial infrastructure and decentralized Web3 platforms. It simplifies the buying and usage for non-technical end-users and makes it a convenient option.
Mastercard executive Raj Dhamodharan oversees blockchain and digital asset innovation for the company and supports expanding access to secure onchain transactions.
Chainlink powers the next-generation application to verify transaction data and map offchain payment transactions against smart contract behaviors. However,it belongs to its overall mission to bring real-world information into decentralized networks.
Nonetheless, the integration offers a seamless on-ramp for the current billion-plus Mastercard customers into the DeFi ecosystem safely and legally. The ecosystem launch announces a historic step for the combination of traditional and blockchain economies.
