Chainlink and Mastercard Partner to Enable Crypto Purchases for 3 billion Cardholders

- Chainlink and Mastercard team up to enable onchain crypto purchases. - The partnership aims to simplify digital asset access for 3 billion cardholders. On June 24, 2025, Cointelegraph reported that Chainlink and Mastercard announced a partnership. This partnership enables Mastercard's 3 billion cardholders to purchase cryptocurrencies directly onchain. This collaboration aims to simplify access to digital assets for a broader audience and to increase crypto adoption by bridging traditional finance with the onchain economy. The partnership leverages Chainlink's decentralized oracle network and Mastercard's global payments infrastructure. In addition, this project involves several Web3 companies. ZeroHash provides the necessary crypto and stablecoin infrastructure for onchain services and liquidity, facilitating the conversion of fiat currency to crypto. Shift4 Payments handles the card processing components, while Swapper Finance offers a non-custodial, user-facing platform that uses account abstraction for simplicity and user control. Furthermore, XSwap will leverage its decentralized exchange (DEX) technology and then source liquidity from other DEXs, like Uniswap, for the final onchain swap execution. This initiative addresses significant barriers and friction in current cryptocurrency adoption, particularly for individuals unfamiliar with Web3 technology. On June 24, Raj Dhamodharan, Mastercard's Executive Vice President for Blockchain and Digital Assets, emphasized the demand for easy connectivity to the digital assets ecosystem. On the same day, Sergey Nazarov, Chainlink's co-founder, remarked that this partnership signifies a crucial step towards the integration of traditional finance (TradFi) and decentralized finance (DeFi). Mastercard has significantly expanded its involvement in the crypto space in 2024 and 2025 through various initiatives, including launching crypto debit cards and tokenizing a substantial volume of its transactions. Meanwhile, Visa, a major competitor, has also been exploring crypto integrations. According to CoinMarketCap on June 24, at 23:09 UTC, Chainlink (LINK) was trading at $13.338. The cryptocurrency's 24-hour trading volume had increased by 3.627%.