Mastercard in Final Talks to Acquire Crypto Infrastructure Firm Zerohash for $2 Billion

According to reports from Fortune, payments giant Mastercard is in advanced negotiations to acquire cryptocurrency infrastructure and settlement company Zerohash for a total of $2 billion. The deal is not yet finalized, but the parties are in the final stages of discussion.

Zerohash, co-founded by Edward Woodford (CEO) and Brian Liston, specializes in enabling fintechs, banks, brokerages, and payment companies to integrate a range of cryptocurrency services. These include staking, custody, on/off ramping between crypto and fiat, and non-fungible token (NFT) transfers. The company's partner network features well-known entities like Interactive Brokers, DraftKings, and Stripe.

In a recent development, Zerohash raised $104 million in a funding round during September, which elevated its valuation to $1 billion, underscoring its rapid growth and market potential.