Chainlink collaborates closely with Mastercard, ZeroHash, Swapper Finance, Shift4 Payments, XSwap, and Uniswap to directly connect the offline payment world with the on-chain DeFi world.
Chainlink announces a new partnership with Mastercard to help global payment card holders quickly and conveniently purchase crypto assets directly on-chain through a secure fiat and cryptocurrency conversion channel. This breakthrough collaboration is supported by Chainlink's secure interoperability infrastructure and Mastercard's reliable global payment network, clearing long-standing barriers for mainstream users to participate in the on-chain economy. ZeroHash provides on-chain services and liquidity, converting fiat into crypto assets through smooth smart contract execution. Additionally, Shift4 Payments, Swapper Finance, XSwap, and Uniswap have contributed to this integration, collaboratively creating the next-generation application experience.
Chainlink Co-founder Sergey Nazarov stated:"Chainlink was founded with the purpose of enabling such convergence between traditional finance and decentralized finance. I am very pleased to see Chainlink participating in this significant collaboration, directly connecting the traditional payment world and over 3 billion Mastercard holders to the innovative trading environment of on-chain decentralized trading platforms. We are delighted to work alongside the Mastercard team and the teams from Swapper Finance, XSwap, Shift4, ZeroHash, and Uniswap. Moreover, the efforts of the Chainlink community in achieving this complex and multidimensional collaboration are inspiring."
Raj Dhamodharan, Executive Vice President of Blockchain and Digital Assets at Mastercard, said:"Undoubtedly, traditional users want easy access to the digital asset ecosystem, and the digital asset ecosystem wants to reach traditional users. Therefore, we continuously try to leverage our mature expertise and global payment network to bridge the gap between on-chain business and off-chain transactions. In our collaboration with Chainlink, we have adopted a secure and innovative approach to reshape on-chain business and promote broader application of crypto assets."
Swapper Finance utilizes XSwap, a top decentralized trading platform in the Chainlink ecosystem. XSwap integrates ZeroHash and Shift4, adopting Chainlink standards to obtain data and achieve interoperability. ZeroHash provides core compliance, custody, and trading infrastructure, enabling compliant conversion of fiat to crypto assets for trading in smart contracts. Shift4 offers smooth bank card payment processing services, while XSwap searches for liquidity from decentralized trading platforms like Uniswap to ultimately execute transactions on-chain. These technologies combine to create a unified, compliant, and convenient user experience, directly bringing crypto assets to mainstream bank card holders.
The technologies of ZeroHash, Shift4 Payment, Swapper Finance, and XSwap, combined with Chainlink standards and Mastercard's powerful payment network, can inject previously hard-to-reach value into on-chain trading.
Edward Woodford, Founder and CEO of ZeroHash, stated:"We are thrilled to be infrastructure partners with Chainlink and Mastercard in the Swapper Finance platform. ZeroHash has a flexible crypto asset and stablecoin infrastructure that enables flexible and compliant exchanges between various crypto assets. Additionally, ZeroHash provides infrastructure connecting to decentralized trading platforms, including smooth and compliant user onboarding processes, abstracted smart contract execution, and low-latency on-chain transactions."
Drew Turchin, Head of Business Development at Uniswap Labs, said:"The Uniswap protocol is the cornerstone of on-chain markets, helping developers worldwide develop new tools for broad users. I am delighted to see Swapper adopting the Uniswap protocol, once again proving that the Uniswap protocol is a key infrastructure in the financial technology stack."
As crypto asset applications continue to grow, collaborations like those between Mastercard and Chainlink will generate a new batch of user-centric solutions, driving greater real-world application value for crypto-native technologies.
The Chainlink-powered platform Swapper Finance officially launches today. Please visit https://swapper.finance for details.
