Mastercard Partners with Chainlink to Bridge Traditional Finance and DeFi
Mastercard's collaboration with chainlink marks a pivotal step in merging traditional payment systems with decentralized finance. The partnership introduces an on-chain solution enabling direct fiat-to-crypto conversions for Mastercard's 3 billion users, bypassing centralized exchanges.
The infrastructure aims to dismantle barriers to crypto adoption by offering compliant, seamless access to digital assets. This move could accelerate institutional and retail participation in Web3 ecosystems while reinforcing Chainlink's role as critical oracle middleware.