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- Chainlink has partnered with Mastercard to enable over 3 billion cardholders to make direct onchain crypto purchases using fiat payments.
- This collaboration aims to bridge traditional finance and decentralized finance, accelerating global adoption of digital assets and onchain commerce.
Chainlink has partnered with Mastercard to allow over 3 billion cardholders to make onchain cryptocurrency purchases using fiat payments. This collaboration aims to close the gap between traditional finance and decentralized systems by offering secure, direct fiat-to-crypto conversions.
According to Chainlink co-founder Sergey Nazarov, the move reflects the company’s mission to connect traditional payment systems with the evolving world of decentralized finance (DeFi). “This is the type of traditional finance and DeFi convergence that Chainlink was built to make possible,” Nazarov stated.
Mastercard’s global network, which spans more than 200 countries, will play a key role in bringing onchain access to a massive user base. The initiative is designed to simplify the process for users who want to interact with crypto without leaving the familiar world of card payments.
Chainlink Strengthens DeFi Infrastructure
Several major players are supporting this integration. ZeroHash, a crypto infrastructure provider, will ensure access to onchain liquidity and backend services. Other platforms such as Shift4 Payments, Swapper Finance, and XSwap are also joining the effort, enhancing decentralized app functionality through protocols like Uniswap.
This partnership builds on Mastercard’s broader push into the digital asset space. The company has previously collaborated with MetaMask, Crypto.com, OKX, and Kraken to enable stablecoin payments for millions of merchants. The collaboration with Chainlink now takes things further by embedding DeFi into everyday transactions.
Driving the Future of Onchain Commerce
Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, highlighted consumer demand as the key motivator. “People want to connect to the digital assets ecosystem easily,” he said. “We’re using our global payments network to bridge onchain commerce and offchain transactions.”
For Chainlink, this marks another major milestone in its role as a key infrastructure provider. The network has already formed partnerships with top institutions like Swift, UBS, Fidelity International, and Euroclear. This Mastercard deal further reinforces Chainlink’s position at the forefront of the DeFi movement.
As global demand for crypto solutions grows, Chainlink’s collaboration with Mastercard could set a new standard for integrating blockchain with traditional financial systems.
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