Mastercard and Chainlink have announced a strategic partnership to enable on-chain crypto purchases through Mastercard’s global network. This is a landmark move to merge traditional finance with decentralized finance (DeFi). Both companies released a joint press release in which they revealed their collaboration will allow 3 billion Mastercard users to perform off-chain to on-chain transactions. This is a key movement in the adoption of blockchain technology for everyday commerce.

Mastercard and Chainlink to Enable On-Chain Crypto Payments

Chainlink is a decentralized network known for bringing real-world data into smart contracts. The company will act as the bridge between Mastercard’s traditional payment infrastructure and the blockchain-based environment.

Sergey Nazarov, co-founder of Chainlink, said, “This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible. We’re enabling a direct gateway between Mastercard’s user base and the next-gen trading environments of on-chain decentralized exchanges.”

Multiple key players from both industries are supporting this powerful partnership. ZeroHash will provide access to on-chain infrastructure and liquidity. Other integrations include Shift4 Payments, Swapper Finance, and XSwap, which leverages Uniswap (UNI) to enhance the decentralized application experience.

Mastercard has a payment network spanning over 200 countries. The company continues to make strategic partnerships to integrate itself into the crypto ecosystem. Their recent collaborations include efforts to integrate stablecoin payments with platforms such as MetaMask, OKX, Crypto.com, and Kraken, with the aim of enabling real-world crypto usability across millions of merchants.

Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, said: “There’s no doubt about it—people want to be able to easily connect to the digital assets ecosystem, and vice versa. This partnership helps us further bridge on-chain commerce with traditional off-chain transactions, while leveraging Mastercard’s secure global network.”

For Chainlink, this partnership represents another enhancement to its expanding portfolio of prestigious collaborations. The company has already established integrations with major financial entities such as Swift, UBS, Euroclear, ANZ, and Fidelity International. This development reinforces its position as a fundamental component in the developing blockchain infrastructure. With DeFi aiming for wider acceptance, the partnership between Chainlink and Mastercard could become an essential move in transforming digital assets into commonplace financial instruments for billions globally.

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