Mastercard partners with Chainlink to establish a direct channel from fiat to cryptocurrency

According to Finance Feeds, payment giant Mastercard has partnered with the decentralized oracle protocol Chainlink to establish a direct fiat-to-cryptocurrency gateway for its global users.

This collaboration allows Mastercard cardholders to bypass centralized exchanges and directly acquire digital assets within on-chain smart contracts. The initial card transaction layer is handled by Shift4 Payments, while Zero Hash is responsible for compliance tracking, custody routing, and instant settlement from fiat to cryptocurrency. Ultimately, the funds are pushed to a public distributed ledger through Chainlink's infrastructure and integrated into the Swapper Finance platform, which utilizes XSwap to obtain liquidity from decentralized exchanges like Uniswap.

This integration compresses card processing, regulatory review, cross-chain messaging, and AMM Swap into a single continuous transaction.