With the entry of traditional institutions and the implementation of relevant encryption compliance regulations, encrypted payment is becoming a popular new payment method. Encrypted payments are based on the bottom layer of the blockchain, and are not restricted by regions, time, etc., and can be credited in real time, with the characteristics of decentralization and non-permission.
Flow payment is an innovative encrypted payment method that allows traders to continue to pay based on encrypted currency based on the flow payment facility in seconds. Adoption in payments. Zebec Protocol is currently the fastest-growing flow payment ecosystem, and it is applying flow payment to the field of salary distribution (the Zebec Payroll launched by it can convert part of salary into mainstream cryptocurrency or distribute funds to compliant encrypted IRA and 401k account), and continue to promote the adoption of flow payment in the Web2 field. At present, Zebec Protocol has been able to obtain extensive profits through the streaming payment business.
Previously, Zebec Protocol had cooperated with Visa, MasterCard, etc. to launch the Zebec Card bank card for encrypted payment, which has attracted the attention of the industry. At the same time, Zebec Protocol has also acquired several Web2 payment companies to expand the streaming payment market and gain more business.
A few months ago, Zebec Protocol acquired PayBridge, a Web2 salary management company, through the US investment agency Payroll Growth Partners (PGP). Headquartered in Ohio, USA, PayBridge is a leading provider of traditional payroll services for large enterprises. It is serving more than 20,000 employees and is preparing to rapidly expand its customer base and market size in 2023.
This acquisition, along with several others, marks an important milestone in the Zebec ecosystem's mission to grow in the payroll space. Starting from PayBridge, Zebec's technical team will introduce the elements and functions of streaming payment technology into the established web2 enterprise-level salary platform, with the ultimate goal of providing real-time salary and systems for the future financial ecology.
Recently, PGP stated that it will further provide new salary products to customers served by companies in its rapidly expanding portfolio. Most of the companies that accept PGP investment, including its PayBridge, are expected to achieve this through streaming payments. Innovation, and Zebec Protocol will also provide technical support in this process. It is hoped that employees of these Web2 companies will have access to next-generation payroll services, including PayCards, and real-time payroll based on streaming payments powered by the Zebec Protocol.
PGP is a firm that invests in small to mid-sized payroll businesses across a variety of industries and markets, leveraging best-in-class payroll technology to improve profitability and drive growth. PGP itself, with a team of over $2 billion in investments and acquisitions, is well placed to drive this trend. Among them, PGP uses BMO, Capital Markets. as credit partners, JPMorgan as bank partners, and Asure and Zebec Protocol as technology providers.
Through this "upgrade", PGP expects to further innovate the salary payment system of traditional enterprises and make the development of these enterprises more future-oriented. payment needs.
“We are excited to bring PayBridge into our stack, and it will focus on continuing to upgrade its technology stack. Our priority is to work deeply with HCM technology leaders such as Asure (ASUR) and Zebec Protocol to provide PayBridge customers and their employees with New features such as daily wages and instant income via payment card,” Simon Babakhani, managing partner and founder of PGP, said excitedly about the new members.
Babakhani added: "As we expand our portfolio through innovative trading systems for organic growth, we are excited to advance our vision to accelerate the global adoption of crypto-asset-based real-time salary payment technology, farewell to traditional The era of weekly and monthly payroll."
PayBridge President and Founder Tony Chiviles sees the partnership with PGP and Zebec as a logical progression. "It provides PayBridge with access to outstanding new technology talent that will enhance our technology and growth as we deliver breakthrough products and services that are reshaping the payroll industry in the United States.
"Our development team is about to roll out enhanced payroll functionality for PayBridge and other enterprise-grade payroll platforms for companies under the PGP system, starting with mobile pay-on-demand applications and payroll card integration," said Aniruddha Dasgupta, Head of Product Innovation, PGP. “This will be a major step towards the North Star, a global real-time payments ecosystem that transforms the way traditional businesses, employees and consumers transact and invest,” continued Dasgupta.
About Payroll Growth Partners: PGP invests in small and mid-sized payroll companies across industries and markets, leveraging best-in-class payroll technology to improve profitability and drive growth.
View source release on businesswire.com: (
businesswire.com/news/home/20230615302703/en/)
In addition to the in-depth development in the Web2 field, Zebec Protocol is also developing towards the public chain track. The public chain project Nautilus Chain launched by the Zebec community will soon be launched on the main network. It is understood that the chain is the first chain bottom layer of the modular Layer3 architecture , It is expected to promote the further development of the blockchain industry. The Nautilus Chain will also serve Zebec Protocol and provide power for further integration of the Web2 and Web3 worlds.