Mastercard, Chainlink Use CCIP to Bring Payments Onchain

Mastercard’s partnership with Chainlink has entered a new phase. This time, focusing on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to securely bridge legacy payment information with blockchain networks.

The partnership aims to link Mastercard’s 3.5 billion cardholders directly to blockchain-based services, in what’s being seen as a major step to bring traditional finance and Web3 closer together.

According to Chainlink, the initiative uses CCIP to move verified payment data from Mastercard’s system to blockchain networks securely. XSwap plays a key role, taking that verified data and executing a real-time on-chain swap. In other words, turning ordinary Mastercard transactions into blockchain-ready actions.

About the partnership

This builds on a June announcement, when Mastercard teamed up with Chainlink and other Web3 partners, including XSwap, Swapper Finance, Shift4 Payments, and ZeroHash.

While the earlier phase focused on letting users buy crypto, the current effort goes further: it now supports verified on-chain execution of payment data, integrating blockchain more smoothly into Mastercard’s existing systems.

The goal is to make blockchain usage transparent to the end user. Practically, it implies that a Mastercard payment might cause activity on decentralized networks, e.g., tokenized transactions or instant cross-border settlement, without users having to deal with wallets or crypto explicitly.

Behind the scenes, Chainlink maintains payment data passing securely, XSwap manages technical processing onchain, and Swapper Finance bridges liquidity across decentralized exchanges so everything settles smoothly.

If implemented at scale, the initiative could provide a template for how large financial networks integrate blockchain capabilities into their operations without changing the user experience.