• Chainlink and Mastercard are enabling on-chain crypto purchases for Mastercard’s 3 billion cardholders through Swapper Finance.
  • The integration is supported by Web3 firms including ZeroHash, Shift4 Payments, XSwap, and Swapper Finance.

In a significant move for mainstream crypto adoption, decentralised oracle network provider Chainlink has partnered with global payments giant Mastercard to enable the latter’s 3 billion cardholders to purchase cryptocurrency directly on-chain.

This integration, which aims to provide a seamless fiat-to-crypto conversion process, is supported by several Web3 companies.

These include Shift4 Payments, Swapper Finance, XSwap, and ZeroHash, a crypto and stablecoin infrastructure firm facilitating on-chain service and liquidity.

“The current version of the application available at Swapper Finance is non-custodial and leverages account abstraction to provide users with simplicity and control,” a Chainlink Labs spokesperson told Cointelegraph.
“It was important that this solution was built for everyone, not just for crypto-natives or enthusiasts.”

Mastercard’s Expanding Crypto Push

The collaboration marks yet another step in Mastercard’s aggressive expansion into the crypto space in 2024 and 2025.

Earlier this year, the company partnered with Kraken to roll out crypto debit cards across the UK and Europe and teamed up with MetaMask to launch a self-custody crypto card.

Mastercard also announced in February that 30% of its 2024 transactions had been tokenised.

Buying crypto with fiat often presents hurdles for users unfamiliar with blockchain technology. The Mastercard-Chainlink initiative could ease this entry point, offering users a streamlined way to interact with digital assets using traditional financial tools.

“There’s no doubt about it — people want to be able to easily connect to the digital assets ecosystem, and vice versa,” said Raj Dhamodharan, Mastercard’s executive vice president for blockchain and digital assets projects and partnerships.

Meanwhile, Mastercard's rival Visa has also made strides in the crypto space.

It partnered with Coinbase in late 2024 to allow near-instant crypto withdrawals and deposits, launched its own Web3 digital asset platform, and invested in stablecoin payment platform BVNK.

Edited by Annette George