Mastercard poised to buy crypto firm Zerohash for nearly $2 billion, Fortune reports
(Reuters) -Mastercard is in late-stage talks to acquire crypto startup Zerohash for between $1.5 billion and $2 billion, Fortune reported on Wednesday, citing five sources familiar with the matter.
If the deal goes through, it would be Mastercard’s one of the biggest bets yet on stablecoins, the report said, adding that the talks might still fall through.
Mastercard and Zerohash declined to comment on Reuters’ request.
Card firms are increasingly integrating stablecoins, cryptocurrencies pegged to assets such as the U.S. dollar, into their systems, viewing the technology as a faster, cheaper and safer alternative to traditional payment methods, while tapping into blockchain infrastructure.
Mastercard has long recognized…
