Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Chainlink and MasterCard have combined their networks, so more than three billion main card holders can buy cryptocurrencies directly on the chain.
The service folds several players into a single flow. The Shift4 processes the card payment, zulash custodies fiat currency and adds crypto liquidity, while XSWAP and Uniswap perform the final replacement of tokens in decentralized markets.
The Protocol ChainLink interoperability protocol combines these steps together and transmits transaction data between the card network and more blockchains, according to the notification shared with Coindesk.
Raj Dhamodharan, who leads the efforts of blockchain to MasterCard, said the company wants to “bridge the gap between the transactions onchain Commerce and Offchain”.
The agreement helps to allow “critical connections between the traditional world of payments and more than three billion card holders at the MasterCard user base”, according to co -founder Chainlink Sergey Nazarov.
Mastercard slowly moved deeper into the cryptocurrency space. Just last month a company partnership with Moonpay To allow users to spend stablecoins on more than 150 million traders around the world. Similarly in April Kraken and Mastercard have joined Introduce Debit cards of cryptocurrencies.
Read more: Moonpay MasterCard Start a crypt card that allows users to make payments with Stablecoins