Payroll protocol Zebec is the first Solana-based project Visa has incubated.
Andjela Radmilac · January 5, 2022 at 1:00 pm UTC · 2 min read
Photo by MBatty on Pixabay
Zebec, a programmable cash stream protocol, has partnered with Visa to join the exclusive Visa Fintech Fast Track Program.
According to a press release shared with CryptoSlate, Zebec is the first Solana-based project accepted to the Visa program, which supported companies such as Stripe, Chime, and Crypto.com.
Continuous payments are coming to Solana and Visa wants a part of it
Despite being one of the giants of the legacy financial system, Visa is one of the few major financial companies that has welcomed cryptocurrencies with open arms. The company has seen huge success in its crypto-linked cards in 2021 and has been investing heavily in crypto payments companies in the past several months.
Its Fintech Fast Track program was designed to provide innovative fintech companies with the tools needed to accelerate growth and pioneer new models of commerce. Since its inception, it incubated major payment railways such as Stripe, Chime, and Crypto.com.
And now, the program has onboarded its first Solana-based project—a programmable cash stream protocol called Zebec.
Terry Angelos, the SVP and Global Head of Crypto at Visa, said that Fast Track enables visa to provide rapidly growing companies with the resources they need to scale with efficiency.
“By joining Visa’s Fast Track program, exciting Fintechs like Zebec Protocol gain unprecedented access to Visa experts, technology, and resources,” he said in a press release shared with CryptoSlate.
Zebec is riding the wave of huge growth the digital economy and Web3 have seen in the past year. The protocol introduces a programmable and continuous money stream protocol that makes it simple for anyone to send and receive cash. Zebec Pay, the protocol’s first application, is a tax-compliant, on-chain payroll processing system enabling employees to be paid by the second, either in USDC or other stablecoins.
“From payroll to investments, subscriptions, rewards and more, Zebec is completely reimagining every financial transaction by making it programmable and continuous,” Sam Thapaliya, the founder and CEO of Zebec Protocol, told CryptoSlate. “We’re thrilled to join with Visa to accelerate the process of bringing our innovative payment solutions to millions of users worldwide.”
The expansion into Visa’s program comes after Zebec received $6 million in new funding from Republic Capital, Shima Capital, Breyer Capital, and other leading crypto investors.
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