According to a recent report by Fortune, payments giant Mastercard is on track to acquire cryptocurrency infrastructure and settlement company Zerohash for a total of $2 billion.
The acquisition is not a done deal just yet, but the two are currently in final-stage negotiations.
Zerohash, which was co-founded by Edward Woodford (who serves as CEO) and Brian Liston, makes it possible for fintechs, banks, brokerages, and payment companies to integrate various cryptocurrency features, such as staking, custody, on/off ramping between crypto and fiat, non-fungible token (NFT) transfers, and so on.
The list of its partners includes such names as Interactive Brokers, DraftKings, Stripe, and so on.
In September, the company raised another $104 million during yet another funding round that brought its valuation to a total of $1 billion.