"Mastercard is in talks to buy Zero Hash, following earlier interest in BVNK, in a push toward 24/7 stablecoin settlement. The deals could give Mastercard a turnkey onchain payments stack, accelerating its move from pilot to production. Stablecoin-based settlement would let banks and merchants transact continuously, bypassing batch cutoffs and weekend delays. Yet operational, compliance and liquidity challenges mean a hybrid phase will likely persist before full 24/7 adoption."
"Mastercard is reportedly in advanced talks to acquire crypto infrastructure provider Zero Hash for between $1.5 billion and $2 billion after earlier exploring a similarly sized deal for stablecoin platform BVNK. Rather than building every onchain component itself, Mastercard appears to be exploring the acquisition of a turnkey stablecoin infrastructure provider that could be plugged into its existing payments network. If that goes ahead, it could accelerate settlement beyond traditional business-day constraints toward a more continuous 24/7/365 model."
Mastercard is pursuing acquisitions of crypto firms including Zero Hash and earlier interest in BVNK to build a turnkey onchain payments stack. The talks center on acquiring regulated custody, conversion, payout and orchestration capabilities that enable banks, brokers or processors to move between fiat and stablecoins without rebuilding compliance. A purchase would bring licensing footprints and client integrations on day one and could accelerate settlement beyond business-day limits toward 24/7/365 operations. Operational, compliance and liquidity challenges are expected to keep a hybrid settlement phase before full 24/7 adoption. Mastercard already deployed Multi-Token Network and Crypto Credential to support tokenized transactions.
Read at cointelegraph.com
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