Zeebu Sees Successful Alpha Trials; Surpasses Half a Billion in Telecom Settlements

Dubai, January 9, 2024 – Zeebu, the Web3 Neobank for telecoms, is delighted to share the profitable world trial of its platform. This trial concerned greater than 80 telecom companies worldwide and surpassed half a billion in settlement quantity, marking a major milestone within the telecom provider trade. Whereas this achievement represents a small step as an inner alpha take a look at, it additionally serves as a major enabler for the longer term utility of the platform.

The trial witnessed funds between all continents, settled inside a mere 3–7 minutes. This main development extends the velocity and transparency of Zeebu’s unified cost interface deeper into the telecom settlement course of, bringing Zeebu one step nearer to reaching a wider set of final beneficiaries world wide.

Zeebu has crafted a platform that leverages the facility of blockchain know-how and good contracts. With its unified funds infrastructure and the ZBU loyalty token, Zeebu’s platform can bypass intermediaries and navigate the complexities that always hamper conventional cross-border infrastructure.

At the moment, over 320 customers are using Zeebu’s real-time settlement providers. The benefits of Zeebu’s platform embody seamless invoicing, real-time funds, 24×7 availability, quick entry to funds, immutable transaction information, real-time monitoring, and reporting of all settlements and balances. These options can assist in streamlining enterprise operations, enhancing transparency, and enhancing monetary administration.

The outcomes of the interior Alpha take a look at embody the next findings:

Transactions on the Zeebu platform within the final month totaled $193 Million, with almost 2089 invoices settled.
Invoices from throughout the globe, with none geographical and regulatory constraints, had been settled in minutes, a course of that beforehand took as much as 15 days.
Telecom companies noticed notable modifications and financial savings in time and expenditure, which was once a part of their conventional settlement course of.
The challenges of dispute decision had been successfully addressed because of good contract automation, eliminating the probabilities of error from the method.
All the settlement of invoices was processed end-to-end inside a single interface.

“As telecom carriers be part of the Zeebu ecosystem, they’re experiencing the advantages of real-time funds,” says Raj Brahmbhatt, Founder and CEO of Zeebu. “Surpassing 500 million settlement quantity signifies the accelerating development and demand of Zeebu. It additionally marks a major shift within the telecom trade, transferring from conventional centralized techniques to a extra environment friendly, safe, and clear decentralized mannequin.” Constructing on this, Keshav Pandya, the Co-founder and COO of Zeebu, added, “We’re witnessing a larger openness in industries to embrace modern applied sciences that may improve their enterprise operations and drive development”

The profitable trial and promising outcomes underscore Zeebu’s dedication to innovation and imaginative and prescient to redefine telecom via blockchain. This marks a major stride in Zeebu’s journey, appearing as a catalyst for the possible performance of the platform.

About Zeebu

Zeebu is a Web3 Neobank devoted to remodeling the settlement expertise for telecom companies. With its capability to course of transactions swiftly and securely worldwide, it’s revolutionizing the way in which telecom carriers transact. Zeebu introduces a unified telecom cost infrastructure for seamless cross-border transactions and goals to handle the prevalent challenges within the telecom’s finance layer, notably in bill settlements. Zeebu is dedicated to enhancing effectivity, selling transparency, and fostering belief. The $ZBU loyalty token is designed to facilitate seamless world transactions and rewards customers for profitable settlements, incentivizing participation within the Zeebu ecosystem.

By upholding the basic ethos of decentralization, Zeebu is carving out the way forward for B2B dealings, pushed by the $ZBU Loyalty Token.