Mastercard and Chainlink (LINK) are partnering to enable Mastercard cardholders to purchase cryptocurrency directly on-chain. The two companies shared the announcement on Tuesday morning, signaling a “major step forward in the mainstream adoption of Web3.”
“This is the type of traditional finance and decentralized finance convergence that Chainlink was built to make possible. I’m excited about Chainlink’s ability to enable this critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base, directly into the next generation trading environments of onchain decentralized exchanges,” said Sergey Nazarov, Co-Founder of Chainlink. “It has been great collaborating closely with the Mastercard team on this innovative implementation, as well as the teams at Swapper Finance, XSwap, Shift4, and Zerohash. This was a complex and multilayered collaboration, which I was thrilled to see the Chainlink community help make possible,” he added.
According to Tuesday’s release, Swapper Finance leverages XSwap, the leading DEX built out of the Chainlink ecosystem that uses the Chainlink standard for data and interoperability, via an integration between zerohash and Shift4 Payments. ZeroHash provides the core compliance, custody, and transaction infrastructure, making it possible to convert fiat into crypto for smart contract consumption in a regulated manner. Chainlink says the Swapper Finance app is live today, enabling cardholders to purchase crypto directly onchain from decentralized exchanges.
Mastercard Continues Crypto Adoption Initiative
Leading credit card company Mastercard has already made several moves in 2025 involving cryptocurrency for its customers. Back in April, it officially added support for stablecoin settlement, giving users the ability to pay with stablecoins. The card company also announced that it is working with crypto exchange OKX to launch a new card. Mastercard already has partnerships like this with several crypto institutions, including MetaMask.
As adoption of crypto assets continues to grow, collaborations like the one between Mastercard and Chainlink are helping drive a new wave of users that bridge the gap between crypto technology and real-world usability.
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“There’s no doubt about it – people want to be able to easily connect to the digital assets ecosystem, and vice versa. That’s why we continue to leverage our proven expertise and global payments network to bridge the gap between on-chain commerce and off-chain transactions,” said Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard. “In coming together with Chainlink, we’re unlocking a secure and innovative way to revolutionize on-chain commerce and drive the broader adoption of crypto assets.”
Chainlink’s native LINK cryptocurrency is up 13% on Tuesday following the announcement.