Chainlink and Mastercard have linked their network so more than three billion MasterCard holders can buy cryptocurrencies directly on the chain.
The service is folded several players in a single stream. Shift4 processes the card payment, Zerohash -Depotter Fiat currency and delivers crypto liquidity, while Xswap and Uniswap perform the final token swap in decentralized markets.
Chainlink’s interoperability protocol stans these steps together that pass transaction data between the map network and several blockchains, according to a message shared with Coindesk.
Raj Dhamodharan, who leads Blockchain efforts on MasterCard, said the company wants to “bridge between the gap between the onchain trade and offchain transactions.”
The deal helps to enable a “critical connection between the traditional payment world and the over three billion card holders in the MasterCard user base”, according to chainlink co-founder Sergey Nazarov.
MasterCard has slowly moved deeper into the cryptocurrency room. Just last month, the company with Moonpay collaborated to let users use stablecoins of more than 150 million grocers around the world. Similarly, in April Kraken and MasterCard went together to introduce cryptocurrency payment cards.
Read more: Moonpay MasterCard launches crypto cards so users can make trade payments with stablecoins
