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Zebec Network, a decentralized real-time payment streaming platform, has officially acquired Gatenox, a digital identity infrastructure provider specializing in KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) compliance. This strategic acquisition aims to integrate native identity verification and risk assessment tools into Zebec’s payment ecosystem, enhancing its compliance capabilities.

Enhancing Compliance Through Gatenox Integration

The acquisition of Gatenox is a pivotal step for Zebec Network as it seeks to strengthen its regulatory framework. By embedding KYC, KYB, and AML tools directly into its platform, Zebec is positioning itself to meet stringent compliance requirements, especially in regions like the European Union. The move aligns with Zebec’s broader plans to secure regulatory approval under the EU’s MiCA (Markets in Crypto-Assets Regulation) and register with the UK’s Financial Conduct Authority (FCA) later this year.

Key Features of Gatenox Technology

  • Advanced identity verification to reduce fraud risks.
  • Streamlined compliance processes for businesses and individuals.
  • Improved user onboarding with automated KYC and KYB tools.

For Zebec, integrating these features directly into its platform not only ensures regulatory compliance but also enhances user trust and operational efficiency.

Recent Acquisition of Science Card

In addition to acquiring Gatenox, Zebec recently purchased Science Card, a UK-based fintech company with over 50,000 users. Science Card provides tools for sending, receiving, storing, and managing money through a user-friendly app. The platform also offers physical and digital cards that are accepted in more than 210 countries, empowering users to support scientific research initiatives.

This acquisition reflects Zebec’s commitment to diversifying its ecosystem and providing users with innovative financial tools. By combining Science Card’s offerings with Zebec’s payment streaming solutions, the platform is creating a more robust financial ecosystem.

Institutional Interest in Zebec Network

Another significant development for Zebec Network is the growing institutional interest in its native token, ZBCN. Recently, it was revealed that Uphold, a multi-asset digital trading platform regulated in the US and UK, holds over $35 million worth of ZBCN tokens. This investment underscores the strategic value seen in Zebec Network by a regulated entity with a global user base.

Such institutional backing not only boosts confidence in the platform but also highlights its potential for long-term growth and adoption. The involvement of Uphold adds credibility to Zebec’s vision of revolutionizing real-time payment streaming and compliance solutions.

Speculations of Collaboration with Ripple

Adding to the bullish sentiment around Zebec Network, there has been speculation about a potential partnership with Ripple (XRP). While no formal announcement has been made, these rumors have contributed to a significant rally in ZBCN’s price, particularly in late May.

Although details remain unclear, the possibility of collaboration with a well-known blockchain company like Ripple further strengthens Zebec’s position as a key player in the cryptocurrency and decentralized finance (DeFi) space.

What This Means for Zebec Network

With the acquisitions of Gatenox and Science Card, as well as growing institutional interest and potential partnerships, Zebec Network is poised for significant growth. By focusing on compliance, innovation, and strategic collaborations, Zebec aims to set itself apart in the competitive crypto and DeFi landscape.

For investors and users alike, these developments signal a promising future for the platform as it continues to expand its offerings and solidify its presence in regulated markets.

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