Visa Cryptocurrency Partners

Cash Stream Protocol Zebec Joins Visa Program

Cash Stream Protocol Zebec Joins Visa Program
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Zebec, the first programmable continuous cash flow protocol on the Solana blockchain, announced Wednesday (January 5th) that it is joining the Visa Fintech Fast Track Program.

Zebec says it is the first Solana project to be accepted into the Visa program, which supports initiating payments. Alumni of the program include Stripe, Chime, and Crypto.com.

“The growth of the digital economy and the Web 3 has been hampered by a lack of tax compliance and frictionless payment processing technologies,” Zebec said in a press release. Zebec’s unique programmable continuous money flow protocol makes it easy for anyone to send and receive cash up to a second for investments, payments, subscriptions, and more.

The company says its Zebec Pay app is the first tax-compliant payroll processor on the chain that allows employees to pay their salaries in the second, in US dollars and other stable currencies, and use their money instantly.

Zebec says the expansion comes after the company’s launch and infusion of $6 million in funding from investors including Republic Capital, Shima Capital and Breyer Capital.

“By joining the Visa Fast Track Program, exciting financial technologies such as the Zebec Protocol gain unprecedented access to Visa’s experts, technologies and resources,” said Terry Angelos, Senior Vice President and Global Head of Cryptocurrency at Visa. “Fast Track allows us to provide new resources that fast-growing businesses need to scale efficiently.”

PYMNTS described a similar visa program last year. The Visa Fintech Partner Connect program helps the company’s issuing partners deliver “digital experiences first”, without having to worry about developing their own back-end technology, by connecting them with “vetted and regulated” technology providers.

Read more: Visa Fintech Partner Connect expands to the United States, Latin America and the Caribbean, Central Europe, the Middle East, Africa, and Asia Pacific

“We have assembled a community of banking and payment technology platforms to simplify the discovery and procurement process for our customers — with the ultimate goal of accelerating adoption of first digital innovations,” Angelos said at the time.

First introduced in Europe, the program is available to clients in the United States as well as throughout Latin America, the Caribbean, Asia Pacific, Central Europe, the Middle East, and Africa.

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