Swapper Finance, a fiat-to-DeFi payments platform, has launched a feature that lets users deposit funds directly into decentralized finance applications using traditional banking cards.

The new service, dubbed “Direct Deposits,” is launched in collaboration with Mastercard and Chainlink, according to a press release shared with The Defiant. The process is powered by Chainlink’s Runtime Environment, which handles identity verification, compliance, token swaps and settlement on-chain.

Commenting on the launch, Swapper Finance chief technology officer Arthur, said in the release:

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