Zebec raises $15 million: will expand its Defi payment service

• Zebec, a continuous and programmable money stream protocol on Solana, said today that it has received $15 million in investment. 

• The funds received will be used to expand its Zebec DeFi payment service.

Solana Ventures and Distributed Global led the financing. Lightspeed Venture Partners, Circle, Coinbase, Alameda, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital, BECO Capital, Greenoaks, GoldenTree Asset Management, and 500 Startups also contributed funding.

Zebec’s programmable and consistent money flow protocol makes it simple for anybody to send and receive money up to the second for financial investments, payments, memberships, and more.

Zebec Payment

Unlike traditional monetary settlement systems, which move money just once and need middlemen that charge fees and take many days to process transactions, Zebec’s streams may be started immediately and customized how the user desires.

Zebec Pay, Zebec’s early application, is a tax-certified, on-chain payroll processing solution that allows employees to get paid by the second — in USDC or other stablecoins — and immediately use their money. Zebec is a DeFi native architecture that leverages the finest payment service for DAOs, crypto jobs, Web3, and the metaverse. It is built on Solana for maximum scalability, speed, and minimal transaction fees.

“Despite all of DeFi and Web3’s promises, most businesses still use Web2-style payments or, at most, one-time wallet transfers.” We built a DeFi native solution for fast, smooth, and continuous money flows, and we believe Zebec will be the on-chain payment pattern of the future.”

— Sam Thapaliya, Zebec’s Founder

Only a few months after its introduction, there are now over 250 jobs building a variety of services using the Zebec protocol. By importing the JS SDK, developers may begin building on top of Zebec Payroll.

Zebec protocol: features

The Zebec Protocol is Solana’s first programmable cash flow protocol, allowing for real-time and continuous streams of payments and financial activities for wages, investments, and other purposes. 

The Zebec Protocol’s automated money streams enable businesses, employees, and consumers to radically reinvent how they are paid, how they invest, and how they acquire items or services.

Zebec’s programmable and continuous money stream protocol enables anybody to send and receive cash up to the second for investments, payments, subscriptions, and other purposes. Zebec Pay, Zebec’s first application, is the first tax-compliant, on-chain payroll processing solution that allows employees to get paid by the second – in USDC or other stablecoins — and utilize their money instantly. Zebec is based on Solana for maximum scalability, speed, and low transaction costs as a DeFi native model that delivers the finest payment option for DAOs, crypto projects, Web3, and the metaverse.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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