Why Mastercard’s $2-Billion Crypto Move Could End Traditional Banking Hours

Share via:


Key takeaways

  • 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Why Mastercard’s $2-Billion Crypto Move Could End Traditional Banking Hours


Key takeaways

  • 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Identity Theft Protection vs. Antivirus: Where to Spend First

Some people tend to lump digital security into one...

Sony’s first EV with Honda will let you remotely...

Faraway road trips just got a lot easier, at...

Popular