On-chain data + compliance licenses work hand in hand; this move by MasterCard is teaming up with Chainlink to pull traditional payments into Web3.

CoinWorld News reports that Mastercard has obtained a Bitcoin license issued by the New York State Department of Financial Services (NYDFS) to legitimize its blockchain-based settlement services. This move is part of a series of actions to integrate digital assets with traditional financial infrastructure. The license is considered the "gold standard" for cryptocurrency regulation, with strict compliance, cybersecurity, and consumer protection requirements. After obtaining the license, Mastercard can provide services for its 3.1 billion global cardholders, including the transfer, storage, and conversion of cryptocurrencies, covering stablecoins and tokenized deposits. Additionally, Mastercard recently partnered with the decentralized oracle Chainlink, which provides real-time blockchain data for Mastercard's crypto purchases.