Chainlink (LINK) has partnered with Mastercard to facilitate direct on-chain cryptocurrency purchases for more than three billion Mastercard users worldwide. This collaboration integrates Chainlink's decentralized oracle network with Mastercard's extensive payment network, enabling seamless fiat-to-crypto conversions through off-chain payments, thereby advancing the adoption of decentralized finance (DeFi).
The initiative involves multiple stakeholders: Shift4 Payments processes card payments; ZeroHash manages fiat custody and crypto liquidity; and XSwap, utilizing Uniswap (UNI), executes token swaps on decentralized exchanges. Chainlink's interoperability protocol coordinates these steps, passing transaction data between Mastercard's network and various blockchains.
This partnership reflects Mastercard's growing commitment to digital assets, complementing its previous collaborations with MetaMask, OKX, Crypto.com, Kraken, and others to expand stablecoin payments. Key Mastercard executives emphasize bridging the gap between traditional finance and blockchain-based commerce to foster digital asset adoption.
Chainlink's role as a core infrastructure provider in DeFi, banking, and tokenized real-world assets is reinforced by significant partnerships with institutions such as Swift, Fidelity International, UBS, Euroclear, and ANZ. This deal represents a major milestone in integrating traditional payments with on-chain decentralized trading environments.