Ed D - Crypto Investor 10-07-2022
Zebec, a multi-signature treasury management and crypto settlement firm, has raised $15 million in funding. The funds, according to the company, will be used to improve the Solana blockchain's programmable payment stream technology.
Zebec aspires to be the payment solution for crypto to crypto projects, Web3, metaverse, and DAOs in particular. The company uses programmable cash stream payments — an on-chain payroll system — to deliver real-time settlement.
Zebec claims to have a one-of-a-kind programmable payment stream system that assures customers deliver payments on time and receives funds in a variety of methods for payments, bitcoin investments, and subscriptions, among other things, not impacted by the Solana Price.
Lightspeed Venture Partners, Coinbase, Circle, Alameda Research, BECO Capital, Road Ventures, and many others are among the company's investors. All these crypto market investment firms took part in the round of fundraising.
Despite all of the promises made by DeFi and Web3, Sam Thapaliya, the creator of Zebec, believes that most payment-based projects are still relying on the Web2 method and one-time crypto wallet transfers.
According to Circle CFO Jeremy Fox-Geen, the new Zebec application will be utilized to grow Zebec in order to provide "immediate and ongoing money streams on Solana." Currently, the firm claims to be working on more than 250 projects based on its protocol.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards