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Chainlink price jumps 11% amid major Mastercard partnership
- Chainlink's native token, LINK, surged 11% following a partnership announcement with Mastercard, facilitating direct crypto purchases for over 3 billion cardholders.
- The collaboration between Chainlink and Mastercard aims to bridge traditional finance with blockchain technology, utilizing Chainlink's infrastructure for integration.
- The partnership leverages Chainlink's interoperability protocol and data standards, along with platforms like zerohash, Shift4 Payments, and XSwap.
- Mastercard's executive vice president highlighted the significance of connecting the digital assets ecosystem seamlessly, enabling onchain commerce and offchain transactions.
- Chainlink's price jumped 11% to $13.07, with potential further gains towards $20, driven by positive market sentiment and increased adoption prospects.
- The Mastercard partnership, combined with recent market tailwinds and supportive regulations, could fuel LINK's value proposition and adoption.
- Chainlink co-founder Sergey Nazarov emphasized how stablecoin laws could boost LINK adoption, highlighting the convergence of traditional finance and DeFi.
- Chainlink's solutions like the Cross-Chain Interoperability Protocol (CCIP) and proof-of-reserve technology play a crucial role in tokenized assets, potentially influencing LINK's price positively.
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