Mastercard + Chainlink: Buy Crypto On-Chain Now
Mastercard + Chainlink: Buy Crypto On-Chain Now
Reporting from Crypto Desk, I've learned Mastercard and Chainlink just made a big move. They teamed up to let you buy crypto directly on blockchains using your payment card. This could change how everyday people get into crypto.
How This Works for You
I've covered crypto payments for 3 years. This new system is different from old crypto cards. Before, cards only let you spend crypto like cash. Now, Mastercard's 3 billion users can:
- Buy crypto tokens directly on blockchains
- Use regular credit/debit cards safely
- Avoid complicated exchange sign-ups
- Read Main News: Mastercard and Chainlink enable on-chain crypto purchases using Mastercard's 3.5 billion cards
Mastercard's blockchain boss Raj Dhamodharan says: "We're unlocking a secure way to revolutionize onchain commerce." Chainlink co-founder Sergey Nazarov calls it a "complex collaboration."
Big Partners Join Forces
Four companies make this possible:
Company | Role |
---|---|
Zerohash | Handles compliance & security |
Swapper Finance | Connects to decentralized exchanges |
Shift4 Payments | Processes card payments |
Uniswap | Provides trading liquidity |
Institutions Get DeFi Access
In related news, Anchorage Digital added Uniswap to its Porto wallet. This means:
- Banks and hedge funds can now use DeFi safely.
- Companies like Maple Finance and dYdX already use it.
- Swaps happen at "crypto-native speed" per Anchorage CEO Nathan McCauley.
Uniswap currently holds $4.57 billion in crypto assets. While DeFi's total value dipped to $106 billion from $137 billion last year, this institutional move could bring more money into crypto.
Why This Matters
These changes matter because:
- Mainstream users get easier crypto access
- Institutions can safely use DeFi tools
- Uniswap grows as key infrastructure
Today at 10:30 UTC, Uniswap hosts "Inside v4" event in New York. They'll discuss technical upgrades for their protocol.
Note: UNI token trades at $6.90 during this news.