Mastercard’s (MA) plan to buy Zerohash was stymied by the blockchain infrastructure company’s decision to remain independent, and instead, the payments processor is evaluating making a strategic investment in the firm, CoinDesk’s Will Canny and Helene Braun report, citing a person familiar with the matter. Reports last year said Mastercard was in late-stage talks to acquire Zerohash in a deal valued as high as $2B.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MA:
- MasterCard price target lowered to $609 from $630 at Truist
- PayPal introduces free DIY tax filing for PayPal debit card customers
- V or MA: Which Is the Better Stock Ahead of Earnings?
- V, BTC, USDC: Crypto Card Spending Hits $18 Billion
- Private Markets: SpaceX interviews banks to lead IPO, Skild AI raises $1.4B
