As traditional business giants represented by Visa, Tesla, BNY Mellon, BlackRock, Mastercard, Gucci, etc., as well as countries represented by El Salvador and the Central African Republic, continue to deploy in the cryptocurrency field, more and more Investors are starting to look at cryptocurrencies with fresh eyes, and the number of cryptocurrency users will reach 320 million in 2022 alone, backed by a huge potential user base.
Cryptocurrency is an asset running on the blockchain. This asset has the characteristics of decentralization, point-to-point, openness, transparency and irreversibility. Because of this, don't place high hopes on the application of cryptocurrency in the payment field. According to a cryptocurrency research report by Coinbase, as of June 2021 alone, the number of merchants supporting cryptocurrency payments has reached more than 20 million, which means that encrypted payments have a high market value at both ends of the payment scenario. Acceptance.
Zebec Protocol is one of the advocates of encrypted payment. It continuously pushes an encrypted currency-based "flow payment" method to the Web2 market to further expand the influence of encrypted payment. remodel. Zebec Protocol occupies a considerable part of the market in the field of encrypted payments, especially in the field of salary payment, which continues to make new progress.
In order to further expand the application scenarios of streaming payment and encrypted payment, Zebec Protocol has launched Zebec Card, a bank card that can be used for encrypted payment in North America, Europe and other regions (the functions vary according to the regulations of different regions), and the card supports the deposit of some mainstream encrypted assets. , and cardholders will be able to use encrypted assets for consumption and payment through Zebec Card at all merchants that support bank card payment. At the same time, users will be able to deposit ZBC assets in Zebec Card, and will be able to enjoy new benefits such as fee deduction and interest generation.
Zebec Card will be launched in Asia, Latin America and other regions
Previously, Zebec Card was mainly aimed at several major markets in North America and Europe last year. The partners included Visa, Master, etc. After early market exploration in these markets, Zebec Protocol decided to further explore a wider area. to advance the process of globalization.
The plan is divided into two phases. In Q3 of 2023, Zebec Card will be the first to cooperate with some banks and payment institutions in major Asian regions including Hong Kong, Vietnam, Singapore, Taiwan, India and Dubai to launch the Zebec Card for the Asian market. In Q1 of 2024, Zebec Protocol plans to enter the Latin American market and launch Zebec Card in major regions such as Mexico, Colombia, and Argentina.
In fact, Asia and Latin America have a high degree of acceptance in the field of cryptocurrencies. On the one hand, Southeast Asia and Latin America have high inflation all year round and economic development is sluggish. There is a high rigid demand for cryptocurrencies in terms of investment and value storage. On the other hand, some Asian countries are relatively advanced in the financial field, such as Singapore, Dubai, etc., and have a relatively complete legal system in the field of cryptocurrency, which also provides a prerequisite for the implementation of Zebec Card.
In addition, the new Zebec Card market is expected to further help Zebec Protocol develop new markets in the flow payment business and salary payment fields, and the new Zebec Card layout is more directional.
Integrate the new Off Ramp function to make streaming payment services more scalable
In addition to laying out a new market, Zebec Protocol is also continuously enriching the flow payment function. Currently, Zebec protocol has cooperated with Coinflow to launch the Off Ramp function, which allows users to link Zebec APP accounts with their bank accounts. When users use the Zebec APP program to receive encrypted assets through flow payment, the system will use the off Ramp function to transfer these Assets are directly converted into legal currency without the need to use CEX to withdraw funds.
In fact, the root cause of the limited acceptance of cryptocurrency itself is the high threshold. Whether it is transactions, deposits and withdrawals, ordinary traders are daunted. Flow payment itself is also based on cryptocurrency, and recipients of flow payments seem to prefer to obtain legal currency. , in order to achieve their goals, they usually need to withdraw money in three parties through several transactions again. With the off Ramp function, the audience of flow payment will be greatly increased. This function will play a certain role in promoting the popularity and acceptance of streaming payment methods, and will make the streaming payment business more scalable.
The continuous layout of Zebec Protocol will further open up the popularity of the ecology, allow the global expansion of the depth of the ecology, and is expected to help ZBC assets accumulate value in the long-term and continuously. ZBC itself has rich application scenarios in Zebec Card, such as fee deduction, interest generation, etc. At the same time, the income generated by Zebec Card will be used to repurchase ZBC tokens, and this asset will be deeply empowered for a long time and continuously.