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2021-11-21 09:14:17 ​Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream Payments

The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.”

On Tuesday, Zebec the startup behind the “continuous and programmable cash stream protocol” built using the Solana network revealed the company raised $15 million from investors. Zebec details that the startup crafted a tax compliant, on-chain payroll system that enables real-time settlement for anyone leveraging the protocol.

According to the press announcement, investors that injected capital into Zebec include Lightspeed Venture Partners, Circle, Coinbase, and Alameda Research. Furthermore, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital, BECO Capital, Greenoaks, and GoldenTree Asset Management also participated in Zebec’s financing round.

Presently, as far as payments are concerned, Sam Thapaliya the founder of Zebec believes most projects are still leveraging Web2-style schemes. “Despite all of the promise of decentralized finance and Web3, most organizations are still relying on Web2-style payments or, at best, one-time wallet transfers,” Thapaliya said.

The on-chain payment system will allow employees to be paid in real-time via stablecoins like USDC. The defi model Zebec Pay “offers the best payment solution for DAOs, crypto projects, Web3 and the metaverse, Zebec is built on Solana for ultimate scalability, speed and low transaction fees,” Zebec’s announcement adds.

Jeremy Fox-Geen, the CFO of Circle said the application can be transformative to employees that want to be paid in digital assets. “Applications like Zebec Pay and the ability to be paid in USDC by the second will be a game-changer for hourly workers and an attractive perk for an increasingly tech-savvy workforce,” the Circle CFO remarked.

Zebec says the new capital will be utilized to scale Zebec to provide “instant [and] continuous money streams on Solana.” The startup claims that currently there are over 250 projects building on the Zebec protocol. Открыть/Комментировать

2021-11-16 12:13:53 ​Mexico’s Third Richest Billionaire Says Buy Bitcoin, Forget About Selling, You’ll Thank Me Later

The third-richest billionaire in Mexico, Ricardo Salinas Pliego, advises to buy bitcoin, keep buying while the price is still low, and hold the crypto without thinking of selling. “Trust me, you’re going to thank me later,” he affirmed.

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some advice Saturday about investing in bitcoin.

Salinas is the founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services, and retail stores. According to Forbes’ list of billionaires, his net worth is currently more than $13 billion.

The billionaire tweeted Saturday urging his Twitter followers to buy bitcoin and keep buying while the price of BTC is still low. His tweet reads:

You have to buy bitcoin (keep buying when the price is low), then just hold your BTC, forget about selling … Trust me you’re going to thank me later.

Bitcoin has fallen more than 40% since its all-time high in November last year. A number of people and corporations have bought the dip, including the Nasdaq-listed Microstrategy, U.S. Senator Ted Cruz, and the government of El Salvador.

This is not the first time Salinas has strongly recommended buying bitcoin. He explained in June last year: “Bitcoin is an asset that has extraordinary properties … All the advantages that bitcoin has, for me, make it gold for the modern world.”

In comparison, Salinas often attacked fiat currency, calling it a fraud. “Governments don’t like bitcoin … it burns them that people can get out of their fiat trap because that is what fiat money is, a fraud,” he opined.

In November, he referenced “the scale of fake money creation” in the U.S., stating: “Good old USA is looking more and more like any other irresponsible third world country.” He then advised, “Buy bitcoin right now.”

He reiterated in December last year: “Stay away from fiat money. The dollar, the euro, the yen, or the peso — they are all the same story. It’s fake money made of paper and lies. The central banks are printing more money than ever before. Invest in bitcoin.” Открыть/Комментировать