Zebec Network Surges 30% After USDC Integration, Launches Token Buyback
Zebec Network, a trailblazer in crypto financial infrastructure, has made significant strides in bridging traditional finance with cryptocurrencies. The company, launched in 2021, operates primarily on the Solana blockchain and offers innovative services like real-time payroll and crypto debit cards. Recently, Zebec announced its membership in Circle's Alliance Program, integrating USDC as its default stablecoin.
Zebec's real-time payroll technology allows employees to receive salaries by the second, providing flexibility and eliminating traditional payrun delays. The company operates primarily on the Solana blockchain and offers real-time payroll, crypto debit cards, and a forthcoming DePIN point-of-sale (PoS) terminal. Zebec is developing a DePIN-based PoS device, ZePIN, to facilitate real-time USDC payments in retail settings, generating significant community buzz.
In a strategic move, Zebec initiated a $50,000 buyback of 50 million ZBCN tokens, funded by revenue from its card program. This reduction in total supply is expected to positively impact the token's value. The ZBCN token serves as both a utility and governance token, enabling holders to vote on protocol decisions and access premium features. The partnership with Circle sparked a 30% price surge in ZBCN tokens in 24 hours, reflecting strong market enthusiasm.
Zebec Network continues to expand its offerings and partnerships, with its recent acquisition of Paybridge in 2023 indicating an aggressive growth strategy. Competitors like Hedera Hashgraph (HBAR) and XDC Network (XDC) also focus on bridging traditional finance with cryptocurrencies, offering competitive solutions. However, Zebec's innovative products and strategic partnerships position it as a strong player in the crypto financial infrastructure landscape.
