Mastercard has taken a bold step toward fusing legacy finance with decentralized tech by introducing a new feature that lets users convert fiat into crypto directly through its network.
This is made possible via Chainlink’s infrastructure, which acts as the connective tissue between the traditional payment rails and the DeFi ecosystem.
The rollout involves a coordinated effort between several crypto firms. Swapper Finance, using Chainlink-powered XSwap, facilitates decentralized token swaps, while Uniswap provides liquidity. Compliance and custody are handled by Zero Hash, and Shift4 enables fiat transactions to flow into crypto seamlessly.
Through this collaboration, Mastercard holders can buy digital assets securely with their cards, without needing third-party intermediaries or exchanges.
Chainlink’s Sergey Nazarov described the move as a milestone in bridging financial systems, highlighting the project’s role in unlocking access to DeFi for billions of users. Mastercard’s Raj Dhamodharan added that this integration reflects growing demand for frictionless access to digital assets, positioning the firm at the forefront of onchain commerce innovation.
This partnership marks another step in bringing crypto payments closer to mainstream adoption by removing barriers between traditional finance and blockchain ecosystems.
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