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Mastercard is quietly planning a $2 billion acquisition.
It’s a huge move for the world’s second biggest credit card processor. That’s because it will give Mastercard a foothold for processing new cryptocurrency transactions.
Go here to discover how to profit from this situation.
Fortune Magazine reports that Mastercard (NASDAQ: MA) plans to buy Zerohash (private).
Zerohash is a technology company that provides technology fortrading crypto, stablecoin settlements and fiat-to-crypto conversions. One of its biggest clients is Stripe (private).
The entire credit card processing industry could soon be disrupted by new digital payments. This would greatly reduce typical transaction fees from 3% to less than 1%. And that could destroy Mastercard’s primary business.
Congress recently legalized stablecoins in the United States. Big banks like JP Morgan and Citibank are launching stablecoins. And America’s biggest retailers including Amazon and Walmart also plan their own stablecoins.
An acquisition of Zerohash allows Mastercard to quickly implement stablecoins on its payments network.
It’s the latest sign that the stablecoin boom is underway.
5 hidden cryptocurrencies are critical for powering stablecoins. And their prices could jump 3X – 5X.
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Ian Wyatt