Chainlink partners with Mastercard to enable over 3 billion users to buy crypto onchain using their cards. LINK surges 14% after the update.
Author: Chirag Sharma
Chainlink has joined forces with Mastercard to enable direct cryptocurrency purchases for more than 3 billion cardholders worldwide. This marks a milestone for both traditional finance and DeFi integration.
The partnership will allow users to seamlessly buy crypto assets through Mastercard-linked accounts on Swapper Finance. an onchain app powered by Chainlink’s infrastructure. The price of LINK rallied nearly 14%, climbing to $13.37 within hours.
This strategic alliance is built on Chainlink’s decentralized oracle technology and Mastercard’s global payments network. The goal is to offer a compliant and secure fiat-to-crypto pipeline that simplifies access to digital assets. The initiative is further supported by ecosystem players like Zerohash, Shift4, Uniswap, and XSwap, ensuring liquidity, compliance, and a smooth transaction experience.
Unlike earlier initiatives by Visa and Mastercard that allowed users to spend crypto by converting it to fiat, this partnership is about purchasing and owning crypto directly. Raj Dhamodharan, Mastercard’s EVP of Blockchain and Digital Assets, emphasized the vision: to “revolutionize onchain commerce” and simplify for everyday users.
Swapper Finance officially went live on June 24, offering direct purchases using Mastercard cards with full onchain settlement. Chainlink co-founder Sergey Nazarov called the move a “critical step” in connecting traditional finance users to decentralized markets and tokenized assets.
This launch also fits into Mastercard’s broader blockchain strategy, which includes past collaborations with Moonpay, Kraken, and Fiserv, particularly around stablecoins and cross-border payments.
With LINK’s sharp price rally and growing optimism across the crypto market—further boosted by recent macro developments like the Iran-Israel ceasefire—analysts see this partnership as a strong catalyst for Chainlink’s expansion into the multi-trillion-dollar tokenization space.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
