Mastercard is deepening their bet on the future of crypto adoption. And now, they’re leveraging Chainlink’s technology to bring billions of new users on-chain.
What’s happening:
- Mastercard (NYSE: MA) and Chainlink have formed a new partnership to enable Mastercard users to be able to easily buy digital assets through their credit card
Why it matters:
- The new partnership will enable more than 3 billion Mastercard users to begin purchasing digital assets directly on-chain for the first time ever
Going deeper:
- Chainlink and Mastercard will leverage multiple other prominent payment companies and crypto protocols to create a unified and compliant process for purchasing digital assets, including zerohash, Shift4 and Uniswap
- This is not the first significant partnership Mastercard has done recently focused on crypto, previously cutting a deal with MoonPay to launch new types of payment cards that are linked to an individual’s stablecoin wallet
Market reaction:
- Chanlink’s token surged +14% following the announcement of the new partnership
