Zebec Network Surges 12.769% After Key Acquisitions

Zebec Network's latest price was $0.005008, up 12.769% in the last 24 hours. Zebec Network, a decentralized real-time payment streaming platform, has recently made significant strides in enhancing its compliance and regulatory framework. The company has acquired Gatenox, a digital identity infrastructure company specializing in Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) compliance. This acquisition is aimed at integrating native identity verification and risk assessment tools directly into Zebec’s AI infrastructure, thereby strengthening its real-time screening capabilities.

Zebec Network’s acquisition of Gatenox is part of its broader strategy to secure regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation and to register with the UK’s Financial Conduct Authority. This move underscores Zebec’s commitment to compliance and its efforts to bridge the gap between traditional finance and the evolving needs of Web3. The integration of Gatenox’s technology will enable Zebec to offer more robust and secure services to its users, ensuring that all transactions are compliant with the latest regulatory standards. This is a crucial step for Zebec as it seeks to establish itself as a leader in the decentralized finance (DeFi) space, where regulatory compliance is becoming increasingly important.

In addition to the Gatenox acquisition, Zebec Network has also recently purchased Science Card, a U.K.-based fintech firm with over 50,000 users. Science Card provides users with a user-friendly app to send, receive, store, and manage their money, offering both physical and digital cards that can be used in more than 210 countries. The platform also allows users to support scientific research in fields they care about, adding a philanthropic dimension to its financial services. This acquisition is expected to enhance Zebec’s user base and expand its service offerings, making it a more attractive option for users who value both financial convenience and social impact. The integration of Science Card’s technology will also enable Zebec to offer more innovative financial products and services, further solidifying its position in the market.

Furthermore, Uphold, a multi-asset digital trading platform regulated in the U.S. and UK, holds a significant amount of Zebec Network’s native token, ZBCN. This indicates that a regulated entity with a global user base sees strategic value in ZBCN, further bolstering Zebec’s position in the market. The potential collaboration between Zebec Network and Ripple (XRP) has also been a topic of speculation, although no formal deal has been announced. This potential partnership has generated significant interest and excitement within the cryptocurrency community. The collaboration between Zebec and Ripple could lead to the development of new and innovative financial products and services, further enhancing the value of ZBCN and solidifying Zebec’s position as a leader in the DeFi space. The potential partnership between Zebec and Ripple is a testament to the growing interest in decentralized finance and the potential for collaboration between different players in the industry. As the cryptocurrency market continues to evolve, partnerships like this could play a crucial role in shaping the future of finance.