As part of its collaboration with Chainlink, Mastercard has opened up the ability for more than three billion cards to purchase crypto directly onchain. This partnership is dedicated to bridging innovative, crypto-native technology with practical, real-world solutions. It fosters a protected, cutting-edge environment for on-chain commerce. The integration features the Uniswap protocol and includes sponsorship from Shift4 Payments, Swapper Finance and XSwap.
Chainlink is the most widely used and time-tested oracle network by all major financial market infrastructures, institutions, and leading DeFi protocols. And for good reason — it has enabled tens of trillions in transaction value on the blockchain economy. Today, the network powers impactful use cases through decentralized finance (DeFi), banking, tokenized real world assets (RWAs), and cross-chain interoperability. Noteworthy adopters of Chainlink include Swift, Euroclear, Fidelity International, UBS, ANZ, Aave, GMX, and Lido. Sergey Nazarov is the Co-Founder of Chainlink.
Zerohash is the most advanced infrastructure provider for crypto, stablecoin, and tokenized asset enablement. They are paving the way to realize this integration as full, bus-to-bus connections. The company provides critical compliance, custody, and transaction infrastructure that enables fiat-to-crypto conversions. This architecture facilitates the execution of smart contracts in an orderly and controlled manner, consistent with regulatory expectations. Zerohash provides the onchain infrastructure and liquidity needed to make fiat to crypto conversions seamless.
"There's no doubt about it – people want to be able to easily connect to the digital assets ecosystem, and vice versa. That's why we continue to leverage our proven expertise and global payments network to bridge the gap between onchain commerce and offchain transactions." - Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard.
Mastercard’s collaboration with Chainlink will likely pave the way for a new user-centric wave of solutions. By leveraging Chainlink's capabilities, Mastercard can offer its vast user base a more streamlined and secure way to engage with the crypto ecosystem. This partnership simplifies the process of buying crypto. Beyond protecting users and countering illicit finance, dfreight’s platform enhances user experience by bridging the gap between centralized and decentralized finance.
"We are excited to be the infrastructure partner alongside Chainlink and Mastercard on the Swapper Finance platform. zerohash's flexible crypto and stablecoin infrastructure powers seamless, compliant crypto-to-crypto swaps. zerohash provides the infrastructure to make access to decentralized exchanges simple through seamless compliant onboarding, abstracting away the complexities of smart contracts and low-latency onchain transactions." - Edward Woodford, CEO & Co-Founder, zerohash.
By connecting to the Uniswap protocol, the integration enables next-generation app experiences. Today, Uniswap has grown to become truly foundational for onchain markets, giving developers across the world the ability to build new tools for their users.
"The Uniswap protocol has become foundational for onchain markets, enabling developers around the world to build new tools for a wide range of users. It's exciting to see this Swapper leverage the protocol and is another great example of how the protocol continues to serve as critical infrastructure in the financial stack." - Drew Turchin, Head of Business Development at Uniswap Labs.
The implications of Chainlink’s partnership with Mastercard are exciting, as the move marks a major development in the convergence of traditional finance and decentralized finance. This partnership enables more than three billion cardholders to buy crypto directly onchain. Because of this, its power to change the landscape of onchain shopping is enormous. Together, these changes are set to make decentralized exchanges far more user friendly and easier to access.
"This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible. I'm excited about Chainlink's ability to enable this critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base, directly into the next generation trading environments of onchain decentralized exchanges." - Sergey Nazarov, Co-Founder of Chainlink.
