What is Zebec Protocol (ZBC)?
Zebec Protocol (ZBC) is a treasury management system that uses a multisig approach and operates as a cash flow platform on Solana. This solution simplifies the payment process for users participating in trading and investing activities by eliminating the need for a third party.
One of the standout features of Zebec is its automated payment functionality, which allows businesses, employees and consumers to redefine their payment methods, investment and purchasing strategies.
In addition, users can also participate in investing, buying and selling products or services through four main products: Zebec Card, Zebec Safes, Payment Stream and Web3 Banking.
Zebec products Protocol
Zebec offers 4 main products: Zebec Gift Card, Payment Streams, Zebec Safe, and Web3 Banking.
Zebec Gift Card
Zebec Gift Card is an international debit card that supports users in 10 countries. It is popular in countries like Nepal, India, and Indonesia. Users can use Zebec Gift Card for many purposes, including:
- Converting digital assets into traditional fiat currency is a key capability that gives users the flexibility to use their funds for everyday transactions, as well as the option to withdraw funds through traditional bank accounts.
- Locking cryptocurrency in a card introduces additional layers of security, reducing the risk of unauthorized access and potential loss of assets.
- Users can also gift their cards to others, allowing them to share the benefits of owning cryptocurrency with friends or family members.
- In supported countries, cross-border transactions can be made without an intermediary by integrating with Apple Pay or Google Pay. This reduces transaction costs and processing times, providing users with a convenient and cost-effective way to make international transactions.
Payment Stream
Payment Stream is a solution used to improve the speed and security of payroll systems in businesses. This payment technology has changed the way salaries are distributed to employees. By using Payment Stream, businesses and organizations can eliminate the need for a third party, saving money and time and reducing the risk of payroll fraud.
For example, in a traditional setup, Company B pays Employee A on the 5th of every month through the bank. However, if Payment Stream is adopted, Company B can automate the payment process to Employee A based on a schedule specified by the company, using cryptocurrency instead of relying on the bank.
In addition to providing instant access to funds, Payment Stream also allows users to use cryptocurrencies by distributing and issuing tokens.
Zebec now offers an automated averaging service for its customers, using Chainlink’s price feeds. With this feature, users can allocate a certain percentage of their salary to be automatically converted into different cryptocurrencies. Additionally, users have the option to invest and participate in yield farming. There is also the option to allocate a portion of their earnings to IRA or 401(k) accounts, complying with various regulatory requirements.
Zebec Safe
The Zebec app provides a comprehensive and secure financial infrastructure for individuals, investors and Web3 businesses. It includes Zebec Safe features, which is a treasury management system using multisig wallets that meet the security standards of leading Web3 auditing companies such as CertiK and Trail of Bits.
First, Zebec Safe allows users to manage their cryptocurrency wallets and make transactions with the ability to pause, cancel, and resume cryptocurrency payments almost instantly. Additionally, users can save, spend, invest, manage, and convert money through Zebec Safe.
Second, Zebec Safe provides advanced customization options to meet different business requirements and comprehensive treasury management capabilities for all Solana-based projects through the use of the SPL token standard. Zebec Safe’s advanced multi-signature technology brings significant value in enhancing blockchain governance, decentralized autonomous organizations (DAOs), and token incentives in the Solana ecosystem.
Furthermore, Zebec Safe easily integrates with decentralized applications (dApps) on two blockchains, Solana and BNB Chain, through multiple supported SDKs.
Web3 Banking
Zebec has developed its own Web3 Banking service to serve the needs of users with the following purposes:
- Transfer assets to digital wallets like MetaMask, Ledger and Phantom.
- Convert crypto into personal bank accounts for real-world use through off-ramp transactions.
- Make international transactions without fees and without intermediaries.
- Secure transactions 24/7 by fully complying with the requirements of leading Web3 auditors.
Outstanding features of Zebec
Zebec has three main advantages:
- Money Stream: This technology facilitates seamless and instant cash flow in various financial activities, including payment processing, employee payroll, and investment transactions. With Zebec’s Money Stream solution, salaries can be paid automatically to employees in real-time (daily, hourly, minute-by-minute) without relying on a third party. Additionally, these transactions are slippage-free.
- Compatibility with multisig wallets: This feature enhances the security of the wallet and ensures that funds cannot be transferred without the consent of multiple parties.
- Off-ramp trading: The off-ramp feature allows users to transfer USDC directly to their bank accounts without any fees. Users can take advantage of this feature for real-world purchases.
Founder of Zebec Protocol
Zebec is founded by Sam Thapaliya, an expert in video platform analytics and artificial intelligence. He is also an angel investor in DeFi protocols and cryptocurrencies.
Furthermore, the Zebec team is a global one, with members from the US, India, Australia, and Africa.
What is ZBC Token?
ZBC is the native token of Zebec Protocol and serves multiple roles as a utility and governance token. Some of the functions of the ZBC token include:
- Management influence: ZBC token holders also act as members of the Zebec DAO and can vote on all aspects related to the governance and operation of the Zebec Protocol.
- Staking: Members of Zebec DAO can stake their ZBC tokens to predict whether a proposal will be passed or rejected. Those who predict correctly will receive their staked tokens back, along with rewards from those who predict incorrectly.
- Discounts and rewards: ZBC token holders receive discounts of up to 25% on Zebec Protocol services, such as cash flow payment systems and inventory management, as well as increasing rewards on their Zebec Cards, depending on the amount of ZBC tokens they hold.
- Payment methods: ZBC is used to pay gas fees on Zebec Chain and Nautilus Chain, and as a means of rewarding validators.
Conclude
The function of the stream payment channel is relatively simple, which is basically equivalent to depositing funds into a third-party custodian account for real-time payment. In terms of product features, Zebec Protocol is not significantly different from well-known multi-signature products such as Safe on EVM chain. However, Zebec’s multi-signature function has not undergone code review, which poses certain security risks. The stream payment path has not yet attracted a significant number of users with direct demand, and is still a niche market. The development of Zebec Protocol is still based on the underlying public blockchain, Solana, and lacks distinct advantages in product functions, posing challenges for future development.
You can see ZBC price here.
Mr. Teacher
Bitcoin Magazine
