Mastercard partners with Chainlink to enable direct crypto purchases

SAN FRANCISCO - Mastercard (NYSE:MA), a financial services giant with over $29 billion in annual revenue and a market capitalization of $503 billion, and Chainlink announced a partnership Tuesday that will allow Mastercard cardholders to purchase cryptocurrency assets directly on blockchain networks through a fiat-to-crypto conversion service. According to InvestingPro data, Mastercard maintains a remarkable 100% gross profit margin, demonstrating its operational efficiency in the payments sector.

The integration combines Mastercard’s global payments network with Chainlink’s interoperability infrastructure to facilitate direct cryptocurrency purchases. The service also involves zerohash providing compliance and transaction infrastructure, with additional support from Shift4 Payments, Swapper Finance, and XSwap. This strategic move aligns with Mastercard’s strong financial performance, as InvestingPro reports a robust revenue growth of 13.12% in the last twelve months.

"People want to be able to easily connect to the digital assets ecosystem," said Raj Dhamodharan, executive vice president of Blockchain & Digital Assets at Mastercard.

The collaboration leverages the Uniswap protocol for executing cryptocurrency swaps on blockchain networks. zerohash handles the regulatory compliance aspects, while Shift4 enables card processing capabilities.

"zerohash’s flexible crypto and stablecoin infrastructure powers seamless, compliant crypto-to-crypto swaps," said Edward Woodford, CEO and Co-Founder of zerohash.

The partnership aims to remove barriers that have prevented mainstream users from accessing blockchain-based financial services. According to the companies, the integration creates a unified user experience that simplifies cryptocurrency access for payment cardholders.

Swapper Finance, the platform utilizing this technology, is currently available at swapper.finance, according to the press release statement.

This development comes as financial institutions continue exploring ways to integrate traditional payment systems with digital asset markets to meet growing consumer demand for cryptocurrency access. For deeper insights into Mastercard’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers detailed analysis of the company’s strategic initiatives and market position among 1,400+ top US stocks.

In other recent news, Mastercard reported strong first-quarter 2025 earnings, exceeding Wall Street’s expectations. The company posted an earnings per share of $3.73, surpassing the forecast of $3.57, and achieved revenues of $7.3 billion, which exceeded the anticipated $7.13 billion. Additionally, Mastercard’s net revenues saw a 17% year-over-year increase, with a notable 15% rise in cross-border volume globally. Jefferies recently adjusted Mastercard’s stock price target to $630 from $660, maintaining a Buy rating, highlighting concerns about slowing cross-border travel but emphasizing robust consumer spending. Meanwhile, Bernstein SocGen reiterated its Outperform rating for Mastercard, citing the company’s strategic partnerships and technological investments as key growth drivers. Mastercard has also made significant strides in Europe, with nearly 50% of its e-commerce transactions now tokenized, enhancing digital payment security. The company continues to expand its digital payment solutions, including the introduction of payment passkeys for biometric verification.

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