Swapper Finance launches DeFi deposit feature through Mastercard

According to The Defiant, the fiat-to-DeFi payment platform Swapper Finance, in collaboration with Mastercard and Chainlink, has launched a direct deposit feature that allows users to deposit funds directly into decentralized finance applications using traditional bank cards. This is the first time on-chain assets can be purchased with traditional bank cards.

Swapper is powered by XSwap, a leading DEX platform in the Chainlink ecosystem, integrating zerohash and Shift4 Payments, leveraging Mastercard's global payment network and fraud protection to connect 3.5 billion Mastercard holders with the DeFi ecosystem. Users can purchase on-chain assets directly on decentralized exchanges like Uniswap through instant and secure fiat-to-crypto services.

Initial partners include Pi Squared, Stakelink, KyberSwap, AITECH, and Radiant Capital. Swapper Finance's Chief Technology Officer, Arthur, stated that this feature will accelerate the shift of Web3 from speculation to practical applications, bringing billions of cardholders into the on-chain economy.