Sergey Nazarov, co-founder of Chainlink, described the Mastercard integration as a complex, multi-layered collaboration that unites DeFi’s global accessibility with TradFi’s compliance and custody, a convergence Chainlink was designed to make possible

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The deal helps enable a “critical connection between the traditional payments world and the over three billion cardholders in the Mastercard user base,” according to Chainlink co-founder Sergey Nazarov.

This was a complex and multilayered collaboration," Chainlink co-founder Sergey Nazarov said in a statement.

Nazarov agreed that DeFi and TradFi will eventually converge by combining DeFi’s superior distribution channel with TradFi’s risk management and custody guarantees.

Sergey Nazarov, Co-Founder of Chainlink, said that the partnership was a type of traditional finance and decentralized finance convergence that Chainlink was built to make possible.