LOS ANGELES, Jan.3, 2022 / PRNewswire / – Ari Stiegler, Managing Partner of Flux Capital, announced this week that his company supports the Zebec Protocol, the first real-time cash flow protocol based on the Solana blockchain. Zebec’s app, ZebecPay, allows employees to be paid per second with U.S. Dollar Coins (USDC) and other stablecoins and start using their money instantly.
âAdvances in DeFi technology mean it’s time to transform what financial regulations look like in the 21st century,â Stiegler said. âFrom payroll to investments, the Zebec protocol transforms periodic transactions into continuous transactions continuously per second. I am incredibly proud to support Zebec’s innovative approach and am delighted to see them evolve with adoption.
Zebec is reinventing the future of payroll by creating options for how employees and businesses want to be paid. For example, by connecting a crypto wallet to ZebecPay, employees have the option of withdrawing their entire paycheck, converting some salaries into major cryptocurrencies, or allocating savings to a compliant IRA and 401k crypto account. . While traditional financial settlement systems can take days to move a single transaction between parties, Zebec’s unique protocol allows money to flow every second, continuously and instantly.
Flux Capital’s investment in Zebec comes as the company catches the interest of a range of investors. Zebec recently closed a funding round led by Republic Capital, Shima Capital and Breyer Capital with additional participation from Resolute Ventures, Launchpad Capital, Backend Capital, Meltem Demirors, Gemini Frontier Fund, Infinity Ventures Crypto, Wave 7, Cadenza Ventures, Hack VC and Joe McCann.
About Ari Stiegler:
Ari Stiegler is the Managing Partner of Flux Capital and three times co-founder of startups, including TutorMe, LVL and PhoneTag. To date, he has led over $ 200 million in transactions primarily while managing US investments for a private family office. Ari was the founding CEO of TutorMe, a leading online tutoring platform Zovio acquired in 2019. He graduated from the University of Southern California with a degree in Business Administration.
About the Zebec protocol:
The Zebec protocol is the first programmable cash flow protocol on Solana, enabling real-time and continuous payment and financial transaction flows for payroll, investments and more. The automatic cash flows made possible by the Zebec protocol allow businesses, employees and consumers to completely reinvent how they get paid, how they invest and how they buy products or services. To find out more, visit Zebec.io.
Eli GreenDigitalGood Marketing Manager Guy Newseli@goodguynews.com
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SOURCE Flux Capital