Mastercard sets aside USD 2 billion to invest in cryptocurrency company

The global payments and credit company Mastercard is in negotiations to acquire Zerohash, a company specialized in the development of infrastructure for the management of stablecoins and cryptocurrencies.

This operation, which would be valued between 1,500 and 2,000 million of dollars, underlines the growing interest of traditional financial company in integrating cryptocurrency networks in its settlement and payment services.

If the purchase is completed, it would represent one of Mastercard’s most relevant investments in the stablecoin sector. Zerohash not only provides solutions for the issuance and management of stablecoins, but also offers tools for the creation of trading platforms and APIs for the tokenization of real-world assets (RWA).

The move aligns with Mastercard’s sustained strategy in the digital assets sector. The company has been active in the matter during the last yearfocusing its efforts on the usefulness of stablecoins as a means of payment.

An example of this was the collaboration reported by CriptoNoticias in May, to launch cards linked to stablecoins with MoonPay. Later, in June, it announced the incorporation of stablecoins issued by companies such as PayPal, Paxos, Fiserv and Circle to its global network, seeking to boost their use in the more than 150 million businesses that accept Mastercard.

The lawyer specializing in digital assets Cristina Carrascosa commented: “Those of us who have spent years at the intersection between financial regulation and digital assets have long warned that stablecoins will complement payment systems before we realize it.”

With this potential acquisition, Mastercard seeks to secure a leadership position in the infrastructure necessary to process these new payment flowsconsolidating stable digital assets as a safe and regulated alternative within the traditional financial system.

Source link