Mastercard to Buy Zero Hash: Blockchain Acquisition?

By Angel Di Matteo @shadowargel

According to sources cited by Fortune, The deal could be finalized for a maximum of USD $2 billion, which would put Mastercard in a better position to compete in the payment-based sector. Blockchain, especially with stablecoins.

***

  • The payments giant is advancing talks to strengthen its presence in the payments sector with stablecoins.
  • Competition for dominance of blockchain infrastructure intensifies with movements of Visa, Stripe y Coinbase.
  • The rise of stablecoins could drive more than $1 trillion in global transactions by 2030.

Mastercard, one of the largest payment processors in the world, is in advanced negotiations to acquire the infrastructure company Blockchain Zero Hashin an agreement that could range between USD $1.5 billion and USD $2 billion, as reported Fortune citing sources close to the matter.

The operation occurs amid growing competition in the stablecoin-based payments market, a segment that seeks to revolutionize global financial flows by offering faster and cheaper alternatives to traditional banking systems.

The bet on stablecoins

Stablecoins, cryptocurrencies pegged to fiat currencies such as the US dollar, have gained prominence as a potential tool for international payments, currency settlements, and financial services between institutions.

According to a joint study of Keyrock and Name published months ago, the volume of payments with stablecoins could reach USD $1 trillion by 2030, driven by institutional adoption and the growth of cross-border trade.

In this context, Mastercard seeks to strengthen its position as a leader in digital payments infrastructure, integrating solutions that allow transactions over Blockchain without completely depending on the conventional banking system.

Fierce competition between giants in the sector

The report of Fortune also points out that Mastercard would be left behind Coinbase in its attempt to acquire the crypto payments company BVNK, another key player in the digital financial infrastructure ecosystem.

Visa, For its part, it recently presented its own tokenization platform, aimed at helping banks issue and manage stablecoins.

Meanwhile, Stripe completed the acquisition of Bridge, an infrastructure provider for stablecoins, for USD $1.1 billion, along with the purchase of Privy, a company specialized in digital wallets. The firm is working on creating its own blockchain-based payment system, in collaboration with the investment firm Paradigm.

Zero Hash and the rise of crypto infrastructure

Zero Hash has gained relevance in recent years for offering solutions for companies seeking to integrate payments in stablecoins or tokenized assets within their platforms.

In April, the company informed CoinDesk which processed more than $2 billion in tokenized flows during the first four months of the year, reflecting growing institutional demand for on-chain digital assets.

In September, the startup raised USD $104 million in an investment round led by Interactive Brokers y Morgan Stanleytwo giants of the traditional financial industry that see opportunities in the convergence between banking and blockchain technology.

Until now, Zero Hash has not issued official comments on the conversations with Mastercard.

The future of global payments

The possible purchase of Zero Hash is aligned with the strategy of Mastercard to expand its services towards the decentralized digital economy, without abandoning its traditional card payment infrastructure.

The company has already participated in several pilot programs with banks and fintechs to integrate cryptocurrencies and stablecoins into their payment networks, seeking to offer a seamless experience between the traditional and digital financial worlds.

If the acquisition goes through, it could mark a turning point for the mass adoption of blockchain payments, unifying the efforts of large financial institutions with the agility of crypto startups in an increasingly digitalized global ecosystem.


Article written with the help of an AI content writer, edited by Angel Di Matteo / DailyBitcoin

Original image from DiarioBitcoin, created with artificial intelligence, free to use, licensed under Public Domain.

WARNING: DiarioBitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Investments in crypto assets are high risk and may not be suitable for everyone. Do your research, consult an expert and check applicable laws before investing. You could lose all your capital.

Subscribe to our newsletter

Related Posts

Leave a Comment