While new partnership news comes every day in the cryptocurrency market, the latest news came from Chainlink (LINK) and Mastercard.
Chainlink and Mastercard have partnered to expand access to decentralized finance, allowing approximately 3 billion cardholders to purchase crypto assets on-chain, Coindesk reported.
The partnership in question brings together multiple corporate players.
Accordingly, multiple players, including Shift4, zerohash, XSwap, and Uniswap, have merged with Chainlink’s interoperability protocol. Shift4 processes card payments, zerohash stores fiat currency and provides crypto liquidity, while XSwap and Uniswap perform final token swaps in decentralized markets.
Chainlink co-founder Sergey Nazarov said:
“The agreement helps create a critical connection between the traditional payments world and the more than three billion cardholders in Mastercard’s user base.
This is the type of fusion of traditional finance and decentralized finance that Chainlink was built to enable.
“I am excited about Chainlink’s ability to bring this critical connection between the world of traditional payments and the more than three billion cardholders in Mastercard’s user base directly to the next generation of on-chain decentralized exchange trading environments.”
*This is not investment advice.
