Chainlink, Mastercard Team Up To Bring Crypto Onchain for Billions
Chainlink has partnered with Mastercard to enable over 3 billion users to buy crypto directly on-chain using fiat, marking a major leap in bridging traditional finance and blockchain.
Announced on July 24, the collaboration integrates Chainlink’s cross-chain infrastructure with Mastercard’s global payments network to eliminate longstanding friction in fiat-to-crypto transactions.
The system relies on key partners—Zerohash (compliance and crypto conversion), Shift4 Payments (card processing), Swapper Finance (user interface), and XSwap (on-chain liquidity sourcing via DEXs like Uniswap)—to ensure a smooth and secure experience.
Following the news, Chainlink’s token (LINK) jumped over 13%. Chainlink co-founder Sergey Nazarov called the partnership a “critical step” toward uniting TradFi and DeFi, reflecting the project’s long-term mission to mainstream blockchain adoption.
Chainlink (LINK) rebounded sharply after hitting a low of $10.93 on Sunday—its lowest level since April—following four days of losses. The recovery began on Monday and extended into Tuesday, with LINK reaching $13.44.
Now gaining momentum, traders are eyeing key resistance levels at the 50-day and 200-day moving averages, currently at $14.66 and $17.49. The next few sessions will be critical in determining whether Chainlink can maintain its rally and confirm a broader bullish trend.
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