Chainlink springs on partnership with Mastercard

On Tuesday, Chainlink announced a partnership to allow Mastercard’s roughly 3 billion global cardholders to “purchase crypto assets directly on-chain through a secure fiat-to-crypto conversion.” 

Chainlink is a piece of crypto infrastructure that aims to provide real-world information to blockchain networks. Its native cryptocurrency has increased 11.7% in the last 24 hours, making it one of the top performers among cryptocurrencies. 

“People want to be able to easily connect to the digital assets ecosystem, and vice versa,” Raj Dhamodharan, executive vice president of blockchain and digital assets at Mastercard, said in the release. “In coming together with Chainlink, we’re unlocking a secure and innovative way to revolutionize on-chain commerce and drive the broader adoption of crypto assets.” 

The announcement comes as Mastercard is increasingly expanding into the crypto world. Mastercard also revealed today its integration with fintech firm Fiserv’s newly launched stablecoin. Last month, the payments giant teamed up with crypto service provider MoonPay to allow cardholders to spend their stablecoins in Mastercard’s over 150 million locations, and in April, Mastercard linked arms with Kraken to launch physical and digital debit cards for the crypto exchange.