Swapper Finance: Revolutionizing Onchain Payments

Swapper Finance has announced the launch of Direct Deposits, an innovative solution developed in collaboration with Mastercard and Chainlink. This new service promises to open the doors of the onchain economy to over 3.5 billion users worldwide, offering a unified, secure, and regulatory-compliant payment flow.

Thanks to the integration of the Chainlink Runtime Environment (CRE) and Mastercard’s global network, the world of traditional payments finally merges with decentralized applications, marking a groundbreaking shift in the industry.

“Millions of people know how to use a card. Now they no longer need to learn to use seven new tools just to try DeFi. We are removing the barrier between curiosity and participation,” Arthur, CTO of Swapper, told Cryptonomist.

A Simplified and Secure User Experience

For the first time, users can make direct deposits into DeFi protocols using payment cards, cryptocurrency transfers, or Web3 wallets, all within a single end-to-end process that is fully onchain.

This eliminates traditional hurdles, such as multiple steps, intermediary exchanges, and complex onboarding procedures, enabling immediate and frictionless access to decentralized finance for billions of people.

The solution by Swapper Finance represents one of the most extensive examples of multi-ecosystem collaboration in the Web3 landscape, connecting global payment infrastructures with cutting-edge blockchain technologies.

Overcoming Onboarding Barriers

Historically, access to DeFi was hindered by the need to separately integrate systems for KYC, compliance, card payments, fiat-crypto conversion, settlement, and liquidity routing. This fragmentation created friction, high abandonment rates, and inconsistent security along the user journey.

With Direct Deposits, all of this is overcome thanks to a single onchain orchestration layer, powered by the Chainlink Runtime Environment. Every phase of the process—from identity to compliance, from payment authorization to fiat-crypto conversion, up to settlement in DeFi protocols—occurs in a secure and verifiable environment.

Roman Tirone, Senior Manager of Chainlink Build at Chainlink Labs, emphasizes:

The result is a simple and familiar checkout experience, allowing users to transition from traditional finance to onchain in seconds, with security and global reach ensured by institutional partners.

Immediate Adoption by the Web3 Ecosystem

The launch of Direct Deposits was met with enthusiasm by numerous leading platforms in the Web3 sector, which have integrated the technology into their user flows from day one.

This demonstrates the strong demand for a unified standard for card-to-onchain payments and indicates that Direct Deposits is rapidly becoming a fundamental component for acquiring new users in the Web3 world.

The launch partners include names such as PI Squared, Stake.link, KyberSwap, AITECH, NPC, Teneo, BigWater, Rhuna, TrebleSwap, MyStandard, Landwolf, Dolomite, HyperSwap, Turbo, APU, and Radiant Capital, demonstrating the scope and significance of the initiative.

A Milestone in Collaborative Engineering

The success of Direct Deposits is the result of a deep technical collaboration between Mastercard, Chainlink, Swapper Finance, and the main partners of the ecosystem.

The solution integrates payment authorization, compliance, execution, and liquidity routing into a single verifiable workflow, thanks to the combined power of CRE and Swapper Finance.

Arthur, CTO of Swapper Finance, emphasizes:

Swapper Direct Deposits is already operational and integrated by initial partners, with further implementations expected in the coming weeks.

Who are the protagonists of this revolution

Swapper Finance

Swapper Finance positions itself as a next-generation infrastructural layer for payments, connecting global users to onchain applications through secure and unified deposit flows.

Thanks to the collaboration with Mastercard and Chainlink CRE, Swapper enables instant deposits from payment cards, Web3 wallets, and crypto transfers directly into DeFi protocols.

Chainlink

Chainlink is the leading oracle platform in the sector, bringing capital markets onchain and powering the majority of DeFi. Its infrastructure ensures data, interoperability, compliance, and privacy for advanced blockchain use cases, such as tokenized assets, lending, payments, and stablecoins.

Chainlink has enabled tens of trillions in transaction value and today protects the majority of DeFi, adopted by leading financial institutions such as Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and protocols like Aave, Lido, GMX.

Mastercard

Mastercard operates in over 200 countries and territories, supporting economies and people through secure, simple, and accessible digital payment solutions. The company stands out for its technology, innovation, and partnerships, offering products and services that help individuals, businesses, and governments realize their potential.

Towards a New Era for Global Finance

The launch of Direct Deposits marks a decisive step towards the convergence of traditional and decentralized finance.

With the integration of Mastercard and Chainlink, Swapper Finance breaks down historical barriers to DeFi adoption, offering an unprecedented user experience and paving the way for a new generation of global financial services that are secure and accessible to all.