Chainlink is a company that provides a decentralized oracle network. It has partnered with the payments provider Mastercard to allow the credit card company’s three billion cardholders to buy crypto onchain. This integration could spur crypto adoption by providing a new avenue for people without Web3 exposure to gain experience with digital assets. The integration was possible through a series of partnerships with Web3 companies, including Shift4 Payments, Swapper Finance, XSwap and ZeroHash, a crypto and stablecoins infrastructure company that will provide the onchain service and liquidity enabling customers to convert fiat currency to crypto. The current version of the application available at Swapper Finance is non-custodial and leverages account abstraction to provide users with simplicity and control. It is important that this solution was built for everyone, not just for crypto-natives or enthusiasts. Mastercard has embraced crypto in 2024 and 2025, mostly through the issuance of cards that allow users to spend cryptocurrency at merchants in different countries. In April, it announced a partnership with Kraken to launch crypto debit cards across UK and Europe. Mastercard also joined MetaMask to debut a self-custody crypto card. In February, the company said that it had tokenized 30% of its 2024 transactions.

The Mastercard’s main competitor, Visa, has also been active on the crypto front. In October 2024, it partnered with Coinbase to allow some of the exchange’s users to instantly withdraw and deposit crypto. VISA also has debuted a Web3 digital asset platform and invested in the stablecoin payment platform BVNK. Buying crypto with fiat currency can be full with difficulties, especially for people unfamiliar with the technology. This friction can hinder the adoption of cryptocurrency and the progress of the industry. However, the people want to connect with digital asset systems, according to Raj Dhamodharan, Mastercard’s executive vice president for blockchain and digital assets projects and partnerships. Some cryptocurrency exchanges as KuCoin, Crypto.com and CEX.io also offer crypto debit cards for their customers.