Mastercard Eyes $2B Acquisition Of Zero Hash In Stablecoin Bet
Mastercard is reportedly in advanced discussions to acquire Zero Hash, a crypto infrastructure provider, for a sum between $1.5 billion and $2 billion. This potential acquisition underscores Mastercard’s strategic push into the realm of stablecoins and the broader crypto-payment infrastructure landscape, signaling a significant shift in the payments giant’s focus. Zero Hash, based in Chicago, enables the integration of crypto services like trading, custody, and stablecoin settlements for banks, fintech companies, and payment platforms. Recently, the company processed billions in tokenized transactions and previously raised $104 million.
Expanding into Blockchain Settlement Rails
This move signifies Mastercard’s ambition to evolve beyond traditional card-based transactions and embrace blockchain-based settlement solutions. The acquisition of Zero Hash would provide Mastercard with the technology and infrastructure needed to seamlessly incorporate stablecoins into its existing payment ecosystem. Zero Hash offers the backend technology that allows companies to offer crypto products.
In conclusion, Mastercard’s potential acquisition of Zero Hash represents a bold step towards integrating crypto assets, particularly stablecoins, into mainstream payment systems. By acquiring Zero Hash, Mastercard aims to secure a foothold in the rapidly evolving world of digital finance and position itself as a key player in the future of payments.
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