"The Zebec Protocol ecology aims to establish a new fair order in the form of Web3, and the salary payment module based on its streaming payment system is a sharp edge to solve the problem"
Zebec Protocol had a very grand vision at the beginning of its establishment, and it hoped to further break some unfair phenomena in the world through Web3.
Zebec Protocol founder Sam Thapaliya tweeted:
"When I was 9 years old, there was a mysterious leader in Nepal called Prachanda. He founded this guerrilla warfare group called 'Maoist' who believed in equal representation, socio-cultural revolution, anti-royalty and anti-unequal distribution of resources. I think a man's main purpose in life is either to defend it or to fight it.
Now 25, I see myself in a sociocultural war. I see my own inequality, I see my need for reform, I see power in the hands of a few, and I see the "new" royal family I'm dealing with. In the next 4 years, I will strive to improve these problems. If you are a revolutionary who believes in a common theme, let us work together and join this silent war together. "
At the Hong Kong Web3 Summit, Simon, head of growth at Zebec Protocol, also said:
The current status of the global gap between rich and poor is too large, and believes that the global gap between rich and poor is widening every year, and no public policy from progressive taxation to welfare programs can stop this trend. To understand why this problem exists, he said, we have to address the core reason behind the income gap - poor people work for money and rich people make money work for them.
The wages earned by the vast majority of workers are in exchange for working for a certain period of time—whether it is calculated by the hour, week or month, it is the same concept of time being sold. Yet, until today, no one has questioned why employees are usually paid two weeks to a month after they start work.
Simon’s statement is causing us to think deeply. In the Web2 world, wealth has always been distributed by wealth holders. They are usually the rule makers and always overlook the world from the perspective of God. According to traditional ideology, No one can break the rules of the game. Laborers are not even entitled to fully realize the benefits of the time value of money. The Web3 world is expected to help more people face wealth with new rules.
Obviously, Zebec Protocol's construction of flow payment ecology is trying to break the situation of inequality and the excessive gap between rich and poor. The Zebec Payroll flow payment salary payment module established based on its own flow payment system is expected to become a new tool to help different classes break the shackles.
Zebec Payroll
Zebec Payroll is an important part of Zebec Protocol's flow payment section. This tool is mainly used for compliant salary payment based on the flow payment agreement. Employers can use Zebec Payroll to pay employees in the form of encrypted currency (USDC and other stable coins) in a low-cost flow payment method. For example, when employees sign a contract with the employer, the employer can use Zebec Payroll in seconds. Ongoing payroll to employees. And when the two parties have objections to the work, both parties can terminate the flow payment at any time, and the employee can withdraw the already obtained part from Zebec Payroll.
Zebec Payroll enables further native financial services for employees receiving compensation in cryptocurrency, including:
l Provision of mainstream asset investment strategies
Cryptocurrency is an investment product with certain risks, but this does not affect the potential returns it can bring to investors. Zebec Payroll allows fund recipients to automatically convert a certain percentage of their salary into top cryptocurrencies in real time and by the second. It is like a fixed investment strategy and is expected to further help them improve the utilization rate of funds.
l Investment and liquidity mining
Users can also use easy-to-program smart contracts to further execute strategies, invest in some Tokens, or conduct DeFi liquidity mining to obtain further reliable income.
l Encrypted IRA and 401k accounts
As a system with tax-compliant on-chain processing functions, Zebec Payroll allows users to allocate part of their salary to compliant encrypted IRA and 401k accounts in a compliant manner for retirement and other purposes.
After cooperating with Coinflow to launch the Off-Ramp function, a free fiat currency exchange path is provided, and users can convert their cryptocurrencies into US dollars without paying any fees and transfer funds to their regular bank accounts.
Introducing the New WageLink On-Demand Pay
A few months ago, Zebec Protocol acquired PayBridge, a Web2 salary management company, through Payroll Growth Partners (PGP), an American investment institution. 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. 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.
Zebec Payroll's upcoming new WageLink On-Demand Pay (on-demand payment) function is the first new function launched after it cooperates with PGP and acquires PayBridge. The WageLink On-Demand Pay tool is launched by the Zebec Pay Card and Earned Wage Access payroll applications at PayBridge (owned by Zebec) and other US-based Asure HCM partner companies. Based on this tool, the payroll issuer will be able to further customize the flow payment salary payment form, which will make Zebec Payroll's salary payment function more flexible and more widely meet the long-term needs of users and various special scenarios.
And in 2024, Zebec Payroll will integrate Circle's USDC as a Web3 connection function in the WageLink payroll application, and connect traditional payroll companies acquired by Zebec into its Web3 product suite.
Salary payment is one of the most important markets in the Zebec Protocol ecosystem. From the perspective of the Web2 world, it is also a huge market with huge demand and blue ocean potential. Therefore, Zebec Payroll is expected to make its streaming payment business more widely adopted. This will also greatly promote the application scenarios of its ecological token ZBC, and is expected to play an important role in it. At the same time, Zebec Payroll, as the earliest promoter of the payment of salary in the form of Web3, has obvious advantages and is expected to occupy the early market. The large-scale adoption of streaming payment protocols through salary payment is also expected to help the Zebec ecosystem usher in very considerable income. , and ZBC is also expected to be fully empowered and destroyed in this process, making its value base more stable.
Zebec Protocol is becoming a new force in the Web3 salary field. Based on its own streaming payment system, it is expected to fundamentally improve the disadvantages of traditional salary distribution methods, allowing more workers to benefit from it. Although narrowing the gap between the rich and the poor and breaking the lack of fairness is not achieved overnight, the Zebec ecology is moving towards its ecological vision.