Traditional financial giants have finally humbled themselves; Chainlink has turned oracles into a bridge for fiat currency, which is quite interesting.

BlockBeats reports that Mastercard has partnered with Chainlink to create a direct fiat currency acceptance crypto channel, allowing global cardholders to purchase digital assets directly within on-chain smart contracts, bypassing the friction of centralized exchanges. The core is a multi-party routing engine that balances compliance and transaction speed; both parties do not build a closed network but instead collaborate with multiple fintech infrastructure providers to integrate their payment networks and data verification networks.