Zebec says it is the first Solana project admitted into the Visa program, which supports payments startups. Graduates of the program include Stripe, Chime and Crypto.com.
“The growth of the digital economy and web3 has been hindered by a lack of tax compliant, frictionless payment processing technologies,” Zebec said in a news release. “Zebec’s unique programmable and continuous money stream protocol makes it simple for anyone to send and receive cash up to the second for investments, payments, subscriptions and more.”
The company says its Zebec Pay application is the first tax-compliant, on-chain payroll processor that lets employees be paid by the second, in USDC and other stablecoins, and use their money right away.
Zebec says this expansion follows the firm’s launch and its $6 million funding injection from investors that include Republic Capital, Shima Capital and Breyer Capital.
“By joining Visa’s Fast Track program, exciting FinTechs like Zebec Protocol gain unprecedented access to Visa experts, technology and resources,” said Terry Angelos, SVP and global head of crypto at Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”
PYMNTS profiled a similar Visa program last year. The Visa Fintech Partner Connect program helps the company’s issuing partners offer “digital-first experiences,” without needing to worry about developing back-end technology on their own, by connecting them with “vetted and curated” technology providers.
“We’ve assembled a community of payment and banking technology platforms to streamline the discovery and procurement process for our clients — with the ultimate goal of accelerating adoption of digital-first innovations,” Angelos said at the time.
First offered in Europe, the program is available for clients in the U.S. as well as throughout Latin America and the Caribbean, Asia Pacific, Central Europe, the Middle East and Africa.