Solana payment processor collects $ 15 million through the promise of immediate payments
Solana payment processor collects $ 15 million through the promise of immediate payments
- The product named Zebec Pay is a tax-conformer on-chain wage billing processor, which pays employees within seconds via USDC or other stable coins
- Within a few months after the start, the minutes set up over 250 projects on the blockchain
A Solana crypto payment processor completed a Venture round of $ 15 million, since the demand for the Proof-of-Stake protocol continues after its explosive growth last year.
Zebecs Serie-A round was led by Distributed Global and Solana Ventures. The company has not published its last rating.
Other investors are Alameda Research, Circle, Coinbase, Goldentree Asset Management and LightSpeed Venture Partners.
The platform enables continuous billing in real time and can be used for sending and receiving money for investments, payments and subscriptions. The product named Zebec Pay is a tax-conformer on-chain wage billing processor that pays employees within seconds via USDC or other stable coins.
The support for USDC "introduces a new generation of employees in the Digital Asset Economy," Jeremy Fox Green, Chief Financial Officer from Circle, told Blockworks.
"For crypto-new employees, the provision of an option to assign part of your salary check in crypto is an easy way to get started without having to transfer money from a traditional banking system," said Fox-Green.
zebec was started in November 2021 and has collected a total of $ 21 million and plans to raise additional means, founder Sam Thapaliya told block works. "Our goal is growth and fast growth."
The protocol now supports more than 250 projects. Zebec is also planning to introduce a debit card that supports the conversion of Fiat to Krypto-in the eyes of Thapaliya an important force when it comes to driving the introduction of mainstream crypto.
The protocol focuses on scaling partnerships with products that focus on a number of crypto products, including non -fungible tokens (NFTS), returns and options, he said.
"People double this idea of continuous money, and that's just the beginning," said Thapaliya.
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The article Solana Payment Processor Raises $ 15m on Promise of Instant Settlements is not a financial advice.