Mastercard Nears $2 Billion Deal to Acquire Zerohash
Mastercard is reportedly close to a $2 billion acquisition of Zerohash, a crypto infrastructure firm powering stablecoin and digital-asset payments.
According to Fortune, citing five sources familiar with the potential deal, the payments giant is in the final stages of negotiations to acquire the crypto company.
Zerohash is an American startup that provides infrastructure for stablecoins and other digital assets, enabling banks, brokerages, fintechs, and payment firms to build crypto and digital-asset services without having to build the entire backend themselves.
Key capabilities of Zerohash include acting as the “behind-the-scenes” engine that allows traditional financial and fintech firms to integrate crypto and stablecoin capabilities rapidly and compliantly.
Zerohash is a leading B2B crypto and stablecoin infrastructure provider.
The deal could reach about $2 billion, though completion is not yet guaranteed.
Author's summary: Mastercard nears $2 billion Zerohash deal.
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