In a major milestone, Zeebu, the innovative payments and settlement platform transforming the telecom carrier industry, announced the successful processing of over $1 billion in transaction settlement volume. This achievement not only underscores Zeebu’s significant impact on the market but also highlights its unwavering commitment to innovation and excellence in the blockchain space.
From Alpha Trials to $1 Billion: Zeebu’s Remarkable Growth
Following the successful alpha trials, where Zeebu processed half a billion dollars in transactions, the platform’s growth trajectory continued with the launch of its PSP version 4.0 product update. This update featured governance enhancements and introduced new platform capabilities, showcasing Zeebu’s commitment to advancing its offerings.
In a span of seven months since the debut of its on-chain settlement platform, Zeebu demonstrated impressive growth. Starting with settling nearly 5,000 invoices totaling over $500 million, the platform swiftly surpassed the $1 billion threshold. This accomplishment signifies a new era of scalability and efficiency for Zeebu’s settlement platform.
Revolutionizing Telecom Settlements with Zeebu’s Innovative Platform
As a global frontrunner in blockchain-based telecom settlements, Zeebu has gained prominence for its instant payment and settlement solution. Addressing the telecom carrier industry’s need for seamless settlement experiences, Zeebu’s innovative platform has driven the adoption of blockchain technology for practical, real-world applications.
Zeebu’s platform has transformed the settlement process for telecom merchants and carriers, reducing invoice settlement times from 7-15 days to an astonishing 3-7 minutes. This efficiency leap is attributed to the elimination of intermediaries and the incorporation of smart contract technology for invoice automation.
ZBU Token: A Catalyst for Global Transactions
At the heart of Zeebu’s offerings is the ZBU Token, strategically designed to facilitate global transactions and introduce a loyalty program rewarding ecosystem participants for every transaction. This tokenization strategy has effectively addressed challenges such as high transaction fees, remittance delays, and currency conversion complexities.
Keshav Pandya, Zeebu’s Co-Founder, and COO emphasized, “The telecom industry’s embrace of blockchain settlements underscores the strength of our product offerings. Our commitment to building robust and adaptable financial solutions positions us perfectly to capitalize on this growing market opportunity.”
Strategic Partnerships Fueling Zeebu’s Growth
With hundreds of telecom carriers and businesses leveraging Zeebu’s network, the platform is poised for continued growth and deeper market penetration. Collaborations with partners like Novatel showcase the transformative impact Zeebu has on streamlining finance operations and enabling focus on growth and expansion.
Vision for the Future: Decentralized Payment Ecosystem
Looking ahead, Raj Brahmbhatt, Founder and CEO of Zeebu, expressed optimism about the promising year 2024. Zeebu plans to extend its platform capabilities, introduce new streams of value creation, and evolve into a leading decentralized payment ecosystem for the telecom industry. The platform’s focus remains on customer experience, innovation, and addressing the dynamic needs of the evolving market.