A wave of partnerships allows users of daily credit cards to more easily buy the crypto chain, as well as spending the crypto with bank cards.
The chain platforms have run to fill the gap between traditional payments and decentralized finances (DEFI) while crypto and credit cards companies continue to team up.
On Tuesday, June 24, Mastercard and the Oracle Network decentralized ChainLink Blockchain announced a new partnership to allow Mastercard users to buy cryptocurrencies directly on the channel. The service is expected to reach more than 3 billion Mastercard card holders, according to the official press release.
The chain service will be fed by the infrastructure provider Zerohash, formerly known as Seed CX – which raised $ 105 million in its last series of series D funding in 2022, according to Pitchbook. Swap FINANCE, Shift4 Payments, XSWAP and the Uniswap protocol also support integration.
“What Chainlink does in this allows Mastercard and Dex – in this case, UNISWAP – and all the other participants, to interoperate, effectively creating the necessary connectivity and coordination”, Sergey Nazarov, co -founder of Chainlink, explained to the DEUIR AT Permissionless IV in Brooklyn yesterday, just after the integration was announced: the DEFUL DE Brooklyn yesterday, just after the announcement of integration: Deviant.
“It is therefore a very good partnership, and for me, shows how these main payments and technological societies like Mastercard will now get more and more traditional public public in the world of cryptography.”
Nazarov added that, to him, it is what traditional adoption looks like: when the average person can simply use what he already has – as a credit card – to access and participate in the negotiation of DEFI and in chain.
“I am enthusiastic about Chainlink’s ability to allow this critical link between the world of traditional payments and card holders of more than three billion in the Mastercard user database, directly in the next generation trade environments of decentralized chain exchanges,” said Nazarov in the press release.
Pass in front of the Crypto cards
The Mastercard and Chainlink integration reflects a wider thrust to integrate Fiat and Tradfi with DEFI, in this case, focusing on ease for more ramp people and participating in Web3.
Historically, however, integration took place in the other direction – let crypto holders easily spend their digital assets like Fiat, via a speed or credit card funded by the crypto.
In such recent integration, Mastercard has announced a partnership with the best exchange of centralized Kraken cryptography to bring cryptographic debit cards to residents of the United Kingdom and Europe.
In March 2025, the credit card company had $ 48.47 billion in total assets, an increase of 13.77% from one year to another, according to Macrorends.
At the time, Kraken Co-PDG David Ripley said: “The crypto transforms the payment industry, and we are considering a future where global trade and daily payments are powered by cryptographic assets.”
Two weeks ago, Cryptocurrency Exchange Coinbase announced its intention to launch its new Coinbase One card later this year, in partnership with American Express. The card will offer up to 4% Bitcoin return to purchases. Meanwhile, the Gemini credit credit – another Mastercard partnership – was launched in 2021.
The convergence between crypto and traditional payments occurs while legislators are increasingly adopting digital assets and putting pressure for lighter regulations for the crypto sector. More recently, the United States Senate has adopted the Act respecting the stablecoin engineering during a vote of 68 to 30. The legislation allows banks and non-banks to issue stablecoins, which currently have a market capitalization of nearly $ 253 billion, according to Defilma.
