PRESS RELEASE - Zebec, an innovative trailblazer in the realm of streaming finance, today announced the release of its much-anticipated Zebec Payment Card, an innovative financial tool for users in participating countries. This novel card introduces a paradigm shift in the cryptocurrency space, enabling users to convert their crypto payroll and savings into conventional purchases with fiat currencies, seamlessly bridging the gap between the cryptocurrency world and traditional finance.
This innovative payment solution functions in harmony with the Zebec App and a Solana-based wallet, offering users the convenience to transfer their cryptocurrency to the card. With this, they can make payments globally wherever Mastercard is accepted. Additionally, Zebec Card users and holders of Zebec’s native utility token stand to earn rewards of up to 7 percent, which further increases the attractiveness of the offering.
In a world first, the Zebec Card is linked to a real-time payroll engine. This distinctive feature allows users enrolled in Zebec Pay to spend their crypto pay in real-time, literally earning and spending their wages by the second.
Zebec's founder, Sam Thapaliya, expressed the company's vision, stating, “We are on a mission to bridge the gap between traditional financial systems and the world of cryptocurrency, enabling businesses, employees, and consumers to transform how they are paid, how they buy products or services, and how they invest.” He further highlighted the convenience the new payment card would bring to users, stating, “Our new payment card makes it easy and convenient for users to access and use their cryptocurrency pay and holdings in daily lives.”
The Zebec Card has been designed with a focus on affordability and transparency. It carries no sign-up fee, no annual or extra exchange fees, and offers low transaction fees, typically below 1 percent. Presently, residents of the UK and qualified countries throughout Europe can apply for the card directly on Zebec's website. The US launch is anticipated for later this year, with the US waitlist now open.
Founded in 2021, Zebec has rapidly become a significant player in the blockchain industry, providing real-time and continuous streams of payments and financial transactions for payroll, investments, and more. The company, backed by major investors such as Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, has been serving hundreds of companies and running thousands of continuous payment streams, bringing the blockchain technology to the forefront of everyday life.
The launch of the Zebec card is an important milestone in the evolution of blockchain and crypto finance. It represents the increasing convergence of cryptocurrency and mainstream finance, offering a glimpse into a future where the digital and traditional financial worlds are not merely coexisting but are fundamentally intertwined.