Mastercard is in advanced talks to acquire crypto startup Zerohash in a deal valued between $1.5 and $2 billion, according to sources familiar with the deal.
Chicago-based Zerohash provides fintechs, brokers, and merchants with the infrastructure to add crypto, stablecoin, and tokenization features via APIs, including compliant custody, conversions, and payouts.
Mastercard In Advanced Talks To Acquire Zerohash
Mastercard is on the verge of acquiring another crypto company. The payments giant is in advanced talks to purchase crypto startup Zerohash in a deal valued at around $2 billion. Acquiring Zerohash will give Mastercard direct control over how fiat funding and digital assets can be settled across its rails, a key development as banks and payment companies experiment with 24/7 money.
The potential acquisition follows previous discussions between Mastercard and stablecoin startup BVNK. The payments network and Coinbase were both in negotiations with the startup. However
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