Zeebu, a leading blockchain-based payments platform, has achieved a major milestone by surpassing $2 billion in total payment volume. This accomplishment demonstrates Zeebu’s remarkable growth and its impact on driving the adoption of decentralized financial solutions in the telecom industry.
Within a short period of time following the launch of Zeebu’s on-chain settlement platform, the company has successfully settled thousands of invoices, rapidly progressing from $1 billion to over $2 billion in transactions. This growth highlights the platform’s scalability and the strong demand for its services.
Zeebu has become a crucial player in blockchain-based settlements for the telecom sector, offering an instant payment and settlement solution that significantly reduces transaction times and eliminates intermediaries through smart contract technology.
At the core of Zeebu’s innovation is the ZBU Token, which not only facilitates global transactions but also enhances participant engagement through a loyalty and rewards system. This tokenization strategy effectively addresses common financial obstacles such as high fees, remittance delays, and currency exchange issues, making it an ideal solution for cross-border settlements.
The platform’s usage has expanded significantly, with an increasing number of telecom carriers and businesses utilizing Zeebu’s capabilities. As the platform continues to evolve, Zeebu attracts new users who recognize its benefits, further establishing its position as a trusted and leading payment platform in the market.
Data from Zeebu’s dashboard reveals that the overall transaction volume on the platform has already surpassed $2 billion. Currently, over 32,000 invoices have been settled, with a total user count of approximately 465.
This year, Zeebu accomplished several milestones, including two significant token burn events and active participation in telecom and Web3 events worldwide. The first token burn took place in February 2024, removing more than 236 million ZBU tokens from circulation, which accounted for over 4.7% of the total supply. The second burn occurred in May 2024, removing an additional 239 million ZBU tokens. These token burns demonstrate Zeebu’s commitment to maintaining a sustainable token ecosystem through its Phoenix Protocol.
In addition to token burns, Zeebu has expanded its presence by participating in and sponsoring major telecom and Web3 events in various regions. This strategic involvement has helped Zeebu establish a strong foothold in these markets and increase its brand visibility.
To raise further awareness about Zeebu, the company has partnered with CoinMarketCap and CoinGecko to host several campaigns. These efforts, along with listings on well-known exchanges, have significantly improved Zeebu’s market presence and credibility.
Furthermore, Zeebu has released a major update to its Payment Service Provider (PSP) platform, introducing governance features that allow telecom merchants to actively participate in the ecosystem. This update enhances the user experience and fosters a more engaged community within the Zeebu platform.
Raj Brahmbhatt, Founder and CEO of Zeebu, commented, “This milestone is a significant leap forward in our journey, aligning perfectly with our broader strategic goals. As the telecom industry increasingly embraces innovative payment solutions like blockchain, our extensive experience and proven ability to provide exceptional user experiences and customized financial solutions position us uniquely to meet the growing demands of this dynamic sector.” Moving forward, Zeebu aims to enhance its services, expand its ecosystem, and transition to a more decentralized and community-driven governance model. To learn more about Zeebu’s innovative platform, visit their website.