Mastercard and Chainlink Partner to Enable Onchain Crypto Purchases for 3 Billion Users

Mastercard has joined forces with Chainlink to facilitate direct onchain cryptocurrency purchases for its vast user base of over 3 billion cardholders. This collaboration marks a significant step toward mainstream crypto adoption, particularly for Web3 newcomers. The integration leverages a network of Web3 partners, including Shift4 Payments, Swapper Finance, XSwap, and ZeroHash, with ZeroHash managing onchain liquidity and fiat-to-crypto conversions.

Swapper Finance's non-custodial app, utilizing account abstraction, offers users greater control without sacrificing simplicity. Sergey Nazarov, Chainlink's Co-Founder, emphasized this as a pivotal convergence of traditional and decentralized finance. Mastercard's growing crypto interest is evident, following recent partnerships with Kraken for crypto debit cards in Europe and MetaMask for a self-custody crypto card.