Mastercard Eyes Bitcoin and Crypto Infrastructure Firm Zerohash Investment After Acquisition Talks Fall Through
Summary
Mastercard is reportedly considering a strategic investment in the blockchain infrastructure firm Zerohash, following the rejection of an outright acquisition offer that was rumored to be up to $2 billion late last year. Zerohash, which provides custody, settlement, and fiat on/off-ramps for fintechs, chose to remain independent, stating that independence best positions them to continue innovating. While the acquisition is off the table, discussions for a strategic stake are ongoing, which would allow Mastercard exposure to Zerohash's technology and client base without taking full control. This move aligns with a broader trend of traditional finance entering digital assets, especially as Zerohash recently achieved a $1 billion valuation and already partners with firms like Morgan Stanley.
(Source:Bitcoin Magazine)