Mastercard continues to evolve in the changing world of crypto. We explain what updates from the payment giant deserve your attention.
Payment giant Mastercard has officially obtained a BitLicense from the New York regulator. The license will allow the company to actively develop services involving stablecoins, tokenized deposits, and blockchain settlements in one of the strictest regulatory states in the US.
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According to Chief Product Officer Jorn Lambert, the BitLicense fits perfectly into Mastercard’s long-term strategy for responsible digital currency adoption. The company is already actively expanding its crypto services, including partnerships with Binance, Circle, Ripple, MetaMask, Gemini, launching crypto cards, and acquiring BVNK.
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Partnership With Chainlink: Crypto Directly via Card
Mastercard and Chainlink have announced a joint solution that allows Mastercard cardholders to directly purchase crypto assets on-chain.
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Participants in the launch include:
- zerohash — liquidity, compliance, and custody
- Shift4 Payments — card payment processing
- Swapper Finance + XSwap — integration with Uniswap
Users will be able to convert fiat to cryptocurrency directly from the interface and immediately use it in DeFi protocols. Chainlink co-founder Sergey Nazarov emphasized that this is exactly the combination of TradFi and DeFi for which the network was created.
What Does This Mean for the Crypto Market?
Obtaining the BitLicense and the Chainlink launch significantly strengthen Mastercard’s position as a key bridge between traditional finance and blockchain. Billions of cardholders now gain convenient, regulated access to the on-chain economy.
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