Mastercard in Advanced Talks to Acquire Crypto Startup Zerohash for $2 Billion
Mastercard is nearing a landmark acquisition in the crypto space. The payments giant is in advanced discussions to purchase Chicago-based infrastructure provider Zerohash for between $1.5 billion and $2 billion, according to people familiar with the matter.
Zerohash's API-driven platform enables fintechs and merchants to integrate crypto custody, conversions, and payouts—a strategic fit for Mastercard's growing digital assets ambitions. The deal WOULD grant direct control over fiat-to-crypto settlement rails as financial institutions increasingly demand 24/7 transaction capabilities.
The MOVE follows Mastercard's failed bid for stablecoin specialist BVNK, which ultimately chose Coinbase as its acquisition partner. Payment networks are aggressively pursuing blockchain infrastructure to reduce cross-border costs and latency, with stablecoins emerging as a key battleground.
