
Swapper Finance launched Direct Deposits on Tuesday in partnership with Chainlink and Mastercard, connecting payment cards to decentralized finance protocols. The infrastructure targets more than 3.5 billion users globally. The service eliminates traditional exchange requirements and multi-step onboarding processes that have kept mainstream users out of on-chain applications.
What Happened: Card-to-DeFi Integration
Swapper Finance, a payments infrastructure layer, announced the Direct Deposits launch in collaboration with Chainlink, Mastercard and multiple partners. The service went live Tuesday.
Direct Deposits allows users to deposit funds into Decentralized Finance protocols using payment cards, crypto transfers or Web3 wallets within a single on-chain workflow. The system runs on Chainlink Runtime Environment and Mastercard's global network.
The service consolidates previously fragmented processes including Know Your Client requirements, compliance checks, card payments, fiat conversion, settlement and liquidity routing into one on-chain orchestration layer. Traditional onboarding required stitching together isolated systems, creating friction and high user drop-off rates.
More than 15 Web3 platforms have integrated Direct Deposits, including Pi Squared, Stake.link, KyberSwap, AITECH, NPC, Teneo, BigWater, Rhuna, TrebleSwap, MyStandard, Landwolf, Dolomite, HyperSwap, Turbo, APU and Radiant Capital.
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Why It Matters: Unified Onboarding Standard
Roman Tirone, Senior Manager at Chainlink Labs, said the platform unifies identity, compliance, token swaps and settlement in a single orchestration layer. "CRE is enabling the onboarding of billions of cardholders into the onchain economy," Tirone said.
Arthur, chief technology officer at Swapper Finance, called Direct Deposits "the onboarding layer we always believed the industry needed." He said the launch represents "a turning point for how people enter Web3" and "the first truly unified onboarding layer" for the sector. Arthur added the service removes barriers preventing billions from accessing DeFi.
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