Mastercard Connects Conventional and Cryptocurrency Transactions Through Zerohash Purchase
Mastercard (MA) is reportedly close to finalizing an agreement to purchase Zerohash, a Chicago-based company specializing in crypto and stablecoin infrastructure, with the deal valued between $1.5 billion and $2 billion, according to a
This move fits within Mastercard’s broader plan to grow its digital payments network. Earlier this month, the company teamed up with Egypt’s Commercial International Bank (CIB) and food delivery service talabat to introduce a co-branded credit card aimed at digital-first consumers. The CIB talabat Mastercard provides monthly cashback, waived delivery fees at select merchants, and 1% cashback on purchases outside talabat, with the goal of boosting cashless payments in Egypt, as detailed in an
At the same time, Mastercard’s shares have experienced varied investor responses. Nisa Investment Advisors LLC has recently trimmed its stake in the company, as shown in a
In Pakistan, Meezan Bank and Mastercard wrapped up their "Spend Big, Win Big!" campaign, which rewarded customers making international purchases with prizes such as hybrid vehicles and Umrah travel packages, as reported by
As Mastercard faces regulatory challenges and market fluctuations in the crypto space, the potential Zerohash acquisition would represent a significant commitment to the future of payments. The company has previously expressed confidence in stablecoins, joining alliances with Robinhood and Kraken and acquiring blockchain analytics firm CipherTrace in 2021, Fortune reports. By leveraging Zerohash’s infrastructure, Mastercard aims to reinforce its leadership in the rapidly changing intersection of crypto and traditional finance.
