Chainlink and Mastercard have linked their networks so that more than three billion Mastercard holders can buy cryptocurrencies directly in the chain.
The service folds several players in a single flow. SHIFT4 processes card payment, custodias of zerohash fiducias and offers cryptographic liquidity, while Xswap and Uniswap execute the exchange of final token in decentralized markets.
Chainlink’s interoperability protocol joins those steps, passing transaction data between the card network and multiple blockchains, according to an announcement shared with COINDESK.
Raj Dhaminharan, who directs Blockchain’s efforts in Mastercard, said the company wants to “close the gap between chain trade and transactions outside the chain.”
The agreement helps enable a “critical connection between the world of traditional payments and the more than three billion card holders at the Mastercard users base,” according to Chainlink co -founder, Sergey Nazarov.
Mastercard has moved slowly more deeply in the cryptocurrency space. Last month, the firm was associated with Moonpay to allow users to spend stablcoins on more than 150 million merchants worldwide. Similarly, in April Kraken and Mastercard joined to introduce cryptocurrency debit cards.
Read more: LunePay Mastercard Launch of the Crypto Card
