As traditional business giants represented by Visa, Tesla, BNY Mellon, BlackRock, Mastercard, Gucci, etc., as well as countries represented by El Salvador, the Central African Republic, etc. continue to deploy in the cryptocurrency field, more and more people Investors are beginning to look at cryptocurrencies with new eyes. In 2022 alone, the number of cryptocurrency users will reach 320 million, backed by a huge potential user base.
Cryptocurrency is an asset that runs on the blockchain. This asset has the characteristics of decentralization, peer-to-peer, openness, transparency, and irreversibility. Because of this, do not place high hopes on the application of cryptocurrency in the field of payment. According to a cryptocurrency research report from Coinbase, as of June 2021 alone, the number of merchants supporting cryptocurrency payments has reached more than 20 million. This means that crypto payments have high capabilities at both ends of the payment scenario. Acceptance.
Zebec Protocol is one of the proponents of crypto payments. It continuously introduces a cryptocurrency-based "streaming payment" method to the Web2 market to further expand the influence of crypto payments, and at the same time aims to improve traditional payment methods. Reinvention. Zebec Protocol occupies a considerable part of the market in the field of crypto payments, especially in the field of salary payment, and continues to make new progress.
In order to further expand streaming payment and encrypted payment application scenarios, Zebec Protocol has launched Zebec Card, a bank card that can be used for encrypted payments in North America, Europe and other regions (functions vary according to regulations in different regions). The card supports the deposit of some mainstream encrypted assets. , and cardholders will be able to use crypto assets for consumption and payment at all merchants that support bank card payment through Zebec Card. At the same time, users will be able to deposit ZBC assets in Zebec Card and 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 mainly targeted several major markets in North America and Europe last year, and its partners included Visa, Master, etc. After early market exploration in these markets, Zebec Protocol decided to further explore a wider area. to promote the process of globalization.
The plan is divided into two stages. In Q3 of 2023, it 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 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 cryptocurrency. On the one hand, Southeast Asia and Latin America have high inflation and sluggish economic development all year round. There is a high rigid demand for cryptocurrency in terms of investment and stored value. On the other hand, some Asian countries are relatively advanced in the financial field, such as Singapore and Dubai, and have relatively complete laws and regulations in the field of cryptocurrency, which also provides prerequisites for the implementation of Zebec Card.
In addition, the new market of Zebec Card is expected to further help Zebec Protocol develop new markets in the fields of streaming payment business and salary payment. The new Zebec Card layout is more directional.
Integrate the new Off Ramp function to make the streaming payment business more scalable
In addition to laying out new markets, Zebec Protocol is also constantly enriching its streaming payment functions. Currently, Zebec protocol has cooperated with Coinflow to launch the Off Ramp function, which allows users to associate Zebec APP accounts with their bank accounts. When users use the Zebec APP program to receive cryptoassets through streaming payments, the system will use the off Ramp function to Assets are directly converted into legal currency without the need to withdraw funds through CEX, etc.
In fact, the fundamental reason for the limited acceptance of cryptocurrency itself is the high threshold. Whether it is transactions, deposits and withdrawals, ordinary traders are intimidated. Streaming payment itself is also based on cryptocurrency, and recipients of streaming payments seem to prefer to obtain legal currency. , in order to achieve the purpose, they usually need to withdraw money through three parties again through several transactions. With the off Ramp function, the audience of streaming payment will be greatly increased. This function will have a certain role in promoting the popularity and acceptance of streaming payment methods and make the streaming payment business more scalable.
The continued layout of Zebec Protocol will further increase the visibility of the ecosystem, expand the depth of the ecosystem globally, and is expected to help ZBC assets accumulate value in the long term. ZBC itself has rich application scenarios in Zebec Card, such as handling fee deductions, 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 in the long term and continuously.
