Mastercard is Reportedly in Advanced Negotiations to Acquire the Crypto Infrastructure Firm Zerohash, for a Price between $1.5 billion and $2 billion, according to Fortune.
The Deal would Represent One of Mastercard’s Largest Investments in the Stablecoin and Blockchain Sector, Signaling the Payment Giant’s growing Confidence in Digital Asset Technology.
The Move Highlights Mastercard’s Broader Strategy to Integrate Stablecoins into its Payment Systems. Mastercard has already Partnered with Firms such as Crypto.com, OKX, and Kraken, to build Blockchain based Financial Solutions.
Zerohash, founded in 2017, Specializes in Crypto Infrastructure Services such as Trading, Custody, and Staking, and recently Attracted Major Backers including Interactive Brokers, Morgan Stanley, and SoFi in a Funding round valuing it above $1 billion.
This potential Acquisition follows Mastercard’s earlier Interest in Buying another Stablecoin Startup, BVNK, which appears to be moving forward with Coinbase instead.
The growing Competition among Major Financial and Crypto Players underscores how Traditional Finance Firms, are racing to Expand their Blockchain Capabilities.
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