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Swapper Finance launches DeFi deposit feature via Mastercard
ChainCatcher news, according to The Defiant, fiat-to-DeFi payment platform Swapper Finance has partnered with Mastercard and Chainlink to launch a direct deposit feature, allowing users to deposit funds directly into decentralized finance applications using traditional bank cards. This is the first time that on-chain assets can be purchased via traditional bank cards.
Swapper is powered by XSwap, a leading DEX platform in the Chainlink ecosystem, and integrates zerohash and Shift4 Payments. Leveraging Mastercard’s global payment network and fraud protection, it connects 3.5 billion Mastercard holders worldwide with the DeFi ecosystem. Users can directly purchase on-chain assets on decentralized exchanges such as Uniswap through an instant and secure fiat-to-crypto service.
The first batch of partners includes Pi Squared, Stakelink, KyberSwap, AITECH, and Radiant Capital. Arthur, CTO of Swapper Finance, stated that this feature will accelerate Web3’s shift from speculation to real-world applications, driving billions of cardholders into the on-chain economy.