Overview

Chainlink and Mastercard have teamed up to allow over 3 billion Mastercard users to purchase cryptocurrencies directly on-chain. This integration brings together various stakeholders in the crypto ecosystem to streamline the process.

Key Points:

• The collaboration simplifies transactions by connecting Shift4 for payment processing, zerohash for fiat custody, and Uniswap for token swaps.
• This partnership is part of Mastercard’s broader strategy to delve deeper into the cryptocurrency market.

“We’re aiming to bridge the divide between on-chain commerce and traditional transactions,” said Raj Dhamodharan from Mastercard. (Translation: We aim to connect on-chain commerce with traditional transaction systems.)

Furthermore, Chainlink’s technology facilitates the movement of transaction data across multiple blockchains and card networks.

Additional Insights

The partnership reflects a growing trend where traditional financial services are incorporating blockchain technology. Last month, Mastercard collaborated with MoonPay, allowing stablecoin integration at millions of outlets globally, enhancing their crypto service footprint.

For more details, refer to CoinDesk’s full article.