Mastercard is acquiring Zerohash for 2 billion dollars.

Mastercard and Zerohash Agreement

Recently, an important development occurred in the financial world. Mastercard reached an agreement to acquire the crypto infrastructure company Zerohash for $2 billion. According to a report by Fortune based on anonymous sources, this acquisition is part of Mastercard's strategic moves in the crypto and stablecoin sectors.

About Zerohash

Founded in Chicago in 2017, Zerohash provides technology and regulatory tools enabling banks, fintech companies, and brokers to conduct compliant crypto trading. The company recently reached a valuation of $1 billion in its latest funding round. This Series D funding round was led by Interactive Brokers and supported by prominent financial firms such as Morgan Stanley and SoFi.

Mastercard's Crypto Strategy

Mastercard is actively taking a role in the crypto space and making significant investments. One of the most notable examples of its efforts in this area is the support it provides for crypto debit cards developed for exchanges like Binance, Gemini, and OKX. Additionally, the company has strengthened its presence in the stablecoin sector by collaborating with Circle.

Future Vision

With this acquisition, Mastercard aims to integrate the technology and expertise provided by Zerohash into its services, thereby solidifying its position in the crypto world. Furthermore, this agreement could bring about greater integrations in the crypto and financial technology sectors.

The information contained herein does not constitute investment advice. Investors should conduct their own research.