Payments giant Mastercard has tapped Chainlink (LINK) to connect off-chain payments to on-chain decentralized finance (DeFi).
According to a new press release, the partnership will use top decentralized exchange Uniswap and work closely with crypto firms Zero Hash, Swapper Finance, Shift4Payments, and XSwap.
Swapper Finance uses XSwap – a decentralized exchange built on Chainlink – for on-chain crypto swaps. Through integrations with Zero Hash and Shift4, users can convert fiat to crypto safely and process card payments. ZeroHash handles compliance and custody, while XSwap taps into platforms like Uniswap to complete trades with available liquidity.
The partnership will allow Mastercard holders to purchase crypto directly via a “secure fiat-to-crypto conversion.”
Says Chainlink co-founder Sergey Nazarov of the new partnership,
“This is the type of traditional
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