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Zeebu soars to $1 B milestone in Q1, leading the charge in web3 payments 

Press Releases
Zeebu soars to $1 B milestone in Q1, leading the charge in web3 payments 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Today, Zeebu, the pioneering payments and settlement platform revolutionizing the telecom carrier industry, announced a monumental achievement of processing over $1 billion in transaction settlement volume. 

This landmark accomplishment underscores Zeebu’s significant impact on the market and its unwavering commitment to innovation and excellence in the blockchain space.

Following its successful alpha trials, which saw half a billion dollars processed in transactions, and the launch of its PSP version 4.0 product update featuring governance enhancements and new platform capabilities, Zeebu has demonstrated remarkable growth and scalability. 

In just seven months following the debut of its on-chain settlement platform, Zeebu swiftly advanced from settling nearly 5,000 invoices totaling over $500 million to surpassing the $1 billion threshold, marking a new era of scalability and efficiency for the platform.

Zeebu’s platform has transformed the settlement process for telecom merchants and carriers, reducing invoice settlement times from 7-15 days to a mere 3–7 minutes.

At the core of Zeebu’s offerings is the ZBU Token, a strategic tool designed to enable global transactions and introduce a loyalty program that rewards ecosystem participants for every transaction. 

“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,” explained Keshav Pandya, Zeebu’s Co-Founder and COO.

With hundreds of telecom carriers and businesses leveraging Zeebu’s network, the platform is set for continued growth and deeper market penetration.

Zeebu’s vision for the future includes expanding its adoption, enhancing its ecosystem services, and transitioning towards a decentralized, community-governed payment ecosystem.

“Zeebu is a trailblazer in rejuvenating the telecom industry’s settlement layer, fulfilling the market’s demand for faster access to funds. Our partnership with Zeebu positions us at the forefront of adopting blockchain-powered, efficient payment and settlement solutions. This translates to streamlining our finance operations and allowing us to focus on growth and expansion,” said Jernej Kenda, CEO of Novatel, a proud Zeebu platform partner.

Raj Brahmbhatt, Founder and CEO of Zeebu, reflected on the achievement, stating, “The increasing interest from telecom businesses in blockchain-based settlements affirms our expertise and commitment to delivering exceptional user experiences and customized financial solutions. We are well-prepared to cater to the expanding demands of this evolving market.”

“The growing traction of blockchain settlements among telecom companies validates our focus on customer experience and innovation in financial solutions. We’re excited to leverage our expertise to address the needs of this dynamic market,” said Raghav Hunasgi, Zeebu’s Co-Founder and CMO.

As Zeebu celebrates this significant milestone, it also looks ahead to a promising 2024, with plans to further extend its platform capabilities, add new streams of value creation, and evolve into a leading decentralized payment ecosystem for the telecom industry.

For more information about Zeebu and its innovative platform, visit https://www.zeebu.com/

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