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Cryptoticker
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Mastercard & Chainlink Just Changed Crypto Forever – Buy Bitcoin On-Chain with Your Card!
- Mastercard and Chainlink have partnered to allow 3.5 billion cardholders to buy crypto directly on-chain using their traditional Mastercard via Swapper Finance.
- Users can purchase various cryptocurrencies, including BTC and stablecoins, on-chain using their Mastercard, marking a significant integration between traditional and decentralized finance.
- This collaboration enables users to buy crypto from Uniswap, use Mastercard's global rails for fiat-to-crypto conversion, and transact on-chain without complex wallet setups.
- Swapper Finance, powered by Chainlink, offers a seamless way to get crypto directly into the user's wallet, ensuring security, compliance, and ease of use.
- The partnership simplifies the crypto purchasing experience, allowing users to buy tokens from DEXs with their everyday cards, handling KYC, fiat conversion, and smart contract interaction efficiently.
- Transactions are fully on-chain, providing transparency, DeFi-level control, and eliminating the need for centralized exchanges or off-chain limitations.
- This move represents a significant step towards crypto adoption by merging traditional finance and DeFi directly at the DEX level without intermediaries or off-chain constraints.
- To buy crypto with Mastercard via Swapper, the user initiates the purchase, Shift4 processes fiat-to-crypto conversion, zerohash delivers the intermediary token, and Chainlink verifies and triggers the trade on a DEX.
- Swapper Finance is currently live at swapper.finance, potentially ushering in a new era of global DeFi adoption where credit cards offer instant access to the decentralized future.
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