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Investing.com -- Mastercard Inc (NYSE:MA) stock dropped 2% during trading hours Wednesday as reports emerged that the payments giant is in late-stage talks to acquire crypto infrastructure startup Zerohash.
According to Fortune, citing five anonymous sources familiar with the matter, Mastercard is discussing a potential acquisition valued between $1.5 billion and $2 billion. The deal, which could still fall through, would represent one of Mastercard’s largest investments in the cryptocurrency space, particularly in stablecoin infrastructure.
Zerohash specializes in crypto and stablecoin infrastructure, with stablecoins being cryptocurrencies pegged to underlying assets such as the U.S. dollar. The acquisition would significantly expand Mastercard’s footprint in the digital currency ecosystem.
The reported discussions come as traditional payment companies increasingly explore blockchain technology and digital assets to enhance their service offerings and maintain competitive positioning in the evolving payments landscape.
Market participants appear to be weighing the substantial price tag against the potential strategic benefits of such an acquisition, resulting in today’s share price decline.
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