At present, Zebec Protocol, a streaming payment protocol, basically clarifies the overall outline of the ecology, which includes the public chain Nautilus Chain with a modular Layer3 architecture driven by its community, Zebec APP, a streaming payment application, and Zebec payroll, a streaming payment tool. Among them, Zebec APP is the main part of the original Zebec Protocol and the core of the flow payment system.
The flow payment system built by Zebec Protocol is a payment method that continuously sends funds from one account to another within a certain period of time, that is, to make the payment continuous like a water flow, such as payment in seconds and minutes Frequency, the payment is completed when the total payment reaches the agreed amount.
Flow payment is a rigid demand market. In the Web2 world, we are usually used to one-time payment to obtain services or goods, but a considerable part of the service is not provided at one time, and when we pay a one-time fee, we usually face potential problems. For example, when I hire a fitness instructor, I usually pay all the course fees, but when the services provided by the fitness instructor cannot meet the employer's expectations, there may be various problems that the employer's rights and interests cannot be guaranteed, and for similar scenario, flow payment is a good solution:
The two parties to the transaction set the payment ratio according to the total price of the service fee in advance, and set the payment ratio according to the time, and implement it according to the fixed procedure through the flow payment procedure. When the employer has any objection to the service, he can stop the payment and terminate the service at any time, which is a reasonable guarantee. interests of employers. Flow payment can be applied to many scenarios, such as listening to songs, reading e-books, refilling membership, leasing, and even investment, financing, etc. Even the valuation models of large companies have far-reaching consequences.
Initially, Zebec APP was mainly run on the Solana network. One-third of the Solana projects used the Zebec system to pay wages. Zebec Protocol developed and managed a good API, and programmers can use a large number of small features and functions to create their own unique products, with more than 250+ projects built on top of Zebec, creating the largest ecosystem on the Solana chain. Zebec Protocol's early users have reached 30,000+, and without any pledge mining, TVL has exceeded 300 million US dollars.
In Q3 last year, with the collapse of the FTX ecology affecting the Solana ecology, and Solana itself often went down due to technical problems, Zebec Protocol further expanded to BNB Chain and Near on the basis of retaining the original streaming payment ecology. Migration realizes multi-chain deployment. Currently, Zebec streaming payment users can make streaming payments on the BNB Chain through the Zebec APP. On this basis, Zebec APP further cooperated with industry partners to launch new functions, and carried out a global deployment plan for the new product line Zebec Card under its sector, so as to further expand the territory of flow payment business. This will not only promote the long-term development of the Zebec Protocol flow payment ecosystem, but also continue to empower the value of ZBC tokens.
Brand new Off-Ramp function
At present, Zebec Protocol has reached a new cooperation with Coinflow. Based on the Off-Ramp function, flow payment users under the Zebec system can directly connect their bank accounts to Zebec Protocol accounts, and convert the received encrypted assets directly through the Zebec Protocol application. Deposit a bank account for fiat currency without the need for additional conversion steps.
Cryptocurrency itself is an emerging asset that runs on the blockchain and has a decentralized ideology. It not only has high investment value, but also has full potential in many fields such as payment, cross-border transfers, and e-commerce. . Due to the different gateways between cryptocurrencies and fiat currencies, there are natural barriers in the exchange of value, which also limits the application of cryptocurrencies, and the development of encrypted payments is therefore slow.
The launch of the off-Ramp function further breaks the natural barriers between cryptocurrencies and fiat currencies, which plays a very important role in Zebec's further expansion of streaming payment business. Asset recipients of flow payment can convert encrypted assets received through Zebec APP into legal currency in a non-intuitive way, which will greatly reduce the threshold for flow payment business development and make its audience more popular. At the same time, Zebec's flow payment business is also expected to expand to a wider range of fields. This is expected to further promote the business volume and revenue scale of Zebec APP.
Zebec plans to regularly use the profit income brought by the streaming payment business to destroy and repurchase ZBC tokens, and at the same time provide long-term dividends for Zepoch nodes, so the launch of the new off-Ramp function is a positive.
Expand the applicable regions of Zebec Card and promote the globalization of ecology
Zebec Card is one of the brand-new product lines under the Zebec APP segment. Previously, Zebec has teamed up with well-known payment giants Visa, Master and other banking giants to launch the physical debit card Zebec Card for the European and American markets.
It is reported that Zebec Card not only has all the features of traditional debit cards, such as online payment, cash withdrawal, etc. At the same time, the debit card also allows users to use cryptocurrencies to spend at signed merchants. The number of signed merchants currently reaches tens of millions, which means that with Zebec Card as the hub, the large-scale adoption of cryptocurrencies in the payment field The process is being rapidly promoted.
The Zebec Card itself has no annual fee or transaction fee, making it one of the lowest fee debit cards on the market today. With the increasing popularity of cryptocurrencies in the traditional world, the Zebec Card is gaining popularity among cryptocurrency investors and the number of applications for the card is surging.
In addition to being able to use cryptocurrency as a means of payment, Zebec Card can also bring users a return on consumption. It is understood that users can also pledge $ZBC tokens to the Zebec Card to get 0.25%~7% consumption cash back, and the proportion of the refund depends on the amount of $ZBC tokens deposited by the user in the Zebec Card. This move will further promote the demand for $ZBC tokens and greatly boost the confidence in the secondary market of $ZBC tokens, and the recent performance of $ZBC tokens in the market is also a proof.
Currently, Zebec Card is planning to expand to two potential markets in Asia and Latin America in order to seek global development. It is reported that it plans to launch a new Zebec Card in cooperation with new banking partners in major Asian regions represented by Hong Kong, Vietnam, Singapore, Taiwan, India and Dubai in Q4 of 2023, in order to more widely absorb active people in the Asian region. user. In Q1 of 2024, Zebec APP further plans to launch a brand-new Zebec Card in markets such as Mexico, Colombia, and Argentina in Latin America to capture users more widely.
In addition to the horizontal layout of Zebec Card, Zebec APP will also launch a government bond yield management tool, which will be integrated with Zebec Treasury application and tokenized RWA assets to further expand the number of Zebec ecological users.
We have seen that whether it is the market expansion of Zebec Card or the promotion of new asset management tools, it will also promote the long-term value capture of ZBC assets. With the completion of ZBC's bottoming, it is expected to rebound in an all-round way under the new positive stimulus and is ready to go.