Indeed, on July 24, Chainlink announced its partnership with Mastercard to simplify crypto purchases by mainstream users. The partnership will enable more than 3 billion cardholders of Mastercard to purchase their digital assets directly on-chain with fiats and the move will constitute a crucial step to blending mainstream finance with blockchain infrastructure. Chainlink interoperability and Mastercard global payment would reduce friction between crypto access and fiat payment using interoperability technology. The amount of LINK token increased by 14 percent and reached 13.37 following the news.
Multi Partner Infrastructure Solution
Its program is based on integrated partners who are involved in regulated processing of transactions. Zerohash offers fundamental infrastructure to convert fiat to crystals, compliance, custody, and execution of smart contracts by acting as liquidity provider. Shift4 Payments: This company is in charge of card processing, and Swapper Finance is the company that runs the front-end interface. The framework uses the XSwap decentralized exchange based on the protocol standards of interoperability developed by Chainlink on-chain exchange liquidity provided by DEX protocols such as Uniswap.
Strategic Vision to DeFi integration
Chainlink co-founder Sergey Nazarov equated the move to a major milestone towards closer access of DeFi to real people. Connecting Mastercard with a large number of users to the on-chain trading markets fits the mission of Chainlink. Furthermore, integrating the traditional and new worlds of decentralization. Mastercard emphasized the necessity of the simple connectivity of the digital asset ecosystem. Raj Dhamodharan used proven experience in resolving a gap between on-chain commercial and off-chain consumerism by providing smooth user experiences.
