Chainlink and Mastercard connect their networks so more than three billion Mastercard holders can buy cryptocurrencies directly to the chain.
The service has folded some players in a single flow. Shift4 processes card payment, zerohash custodies fiat currency and delivers crypto liquidity, while XSWAP and Uniswap conduct final token swaps in decentralized markets.
The chainlink’s interoperability protocol covers steps together, the passage of transaction data between the card network and many blockchains, according to an announcement distributed with CoinDesk.
Raj Dhamodharan, who is leading the Blockchain efforts at Mastercard, said the company “bridge the gap between transactions to Onchain Commerce and Offchain.”
The deal helps to enable a “critical connection between the traditional payment world and more than three billion cardholders at the mastercard user base,” according to chainlink co-founder Sergey Nazarov.
Mastercard slowly moves deeper into the cryptocurrency space. Just last month, the firm Working with Moonpay To let users spend stablecoins with over 150 million merchants worldwide. Similarly, back in April Kraken and MasterCard cooperated To introduce cryptocurrency debit cards.
