Chainlink and Mastercard have partnered to allow payment cardholders to purchase crypto assets directly onchain through a secure fiat-to-crypto conversion process. The collaboration integrates Mastercard’s global payments infrastructure with Chainlink’s interoperability standard to support a streamlined, compliant pathway for traditional finance users to interact with decentralized applications.
The solution is being launched in partnership with service providers including zerohash, Shift4 Payments, Swapper Finance, and XSwap. Together, they create a compliant, end-to-end experience for converting fiat currencies into crypto for use in smart contracts, decentralized exchanges, and onchain trading environments.
Sergey Nazarov, Co-Founder of Chainlink, commented, “This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible. I’m excited about Chainlink’s ability to enable this critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base, directly into the next generation trading environments of onchain decentralized exchanges. It has been great collaborating closely with the Mastercard team on this innovative implementation, as well as the teams at Swapper Finance, XSwap, Shift4, and zerohash, this was a complex and multilayered collaboration, which I was thrilled to see the Chainlink community help make possible.”
Raj Dhamodharan, Executive Vice President of Blockchain & Digital Assets at Mastercard, commented, “There’s no doubt about it – people want to be able to easily connect to the digital assets ecosystem, and vice versa. That’s why we continue to leverage our proven expertise and global payments network to bridge the gap between onchain commerce and offchain transactions. In coming together with Chainlink, we’re unlocking a secure and innovative way to revolutionize onchain commerce and drive the broader adoption of crypto assets.”
The integration will be facilitated by zerohash, which provides the core compliance, custody, and transaction infrastructure for converting fiat to crypto. Shift4 Payments enables the card processing layer, while Swapper Finance serves as the user-facing application that enables crypto access through familiar card-based transactions. Liquidity will be sourced and swaps executed through XSwap, a DEX built on Chainlink infrastructure and integrated with the Uniswap protocol.
Edward Woodford, CEO and Co-Founder of zerohash, commented, “We are excited to be the infrastructure partner alongside Chainlink and Mastercard on the Swapper Finance platform. zerohash’s flexible crypto and stablecoin infrastructure powers seamless, compliant crypto-to-crypto swaps. zerohash provides the infrastructure to make access to decentralized exchanges simple through seamless compliant onboarding, abstracting away the complexities of smart contracts and low-latency onchain transactions.”
Drew Turchin, Head of Business Development at Uniswap Labs, commented, “The Uniswap protocol has become foundational for onchain markets, enabling developers around the world to build new tools for a wide range of users. It’s exciting to see this Swapper leverage the protocol and is another great example of how the protocol continues to serve as critical infrastructure in the financial stack.”
The initiative reflects a growing push to connect traditional financial systems with decentralized infrastructure in a secure and regulatory-compliant manner. It also addresses persistent usability barriers by providing payment cardholders with a familiar, streamlined method to access crypto markets and use decentralized applications.
