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Mastercard and Chainlink: Unlocking the $3T Payments Opportunity by Onboarding Billions of Cardholders to DeFi

Blog post from Chainlink

Post Details
Company
Date Published
Author
-
Word Count
895
Company Posts That Month
10
Language
English
Hacker News Points
-
Post removed?
No
Summary

Blockchain technology is poised to revolutionize global finance by transforming various aspects such as stock trading, interbank settlements, and especially digital payments, which are projected to generate over $3 trillion in revenue by 2028. Despite the readiness of the underlying technology for mainstream adoption, challenges remain, notably the lack of secure infrastructure for front-end tools, which impedes user adoption. However, partnerships like that of Chainlink and Mastercard are paving the way for secure access to the blockchain economy, enabling over 3 billion cardholders to engage in onchain transactions. This collaboration aims to bridge the gap between traditional and decentralized finance, providing a seamless and secure transition into the blockchain ecosystem. By integrating trusted platforms and lowering entry barriers, the initiative seeks to expand the use of blockchain beyond trading and speculation, unlocking significant cost savings, faster transaction times, and new market opportunities.

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