Zebec Network, a decentralized real-time payment streaming platform, has made a strategic move by acquiring Gatenox, a digital identity infrastructure company specializing in KYC, KYB, and AML compliance. This acquisition is aimed at enhancing Zebec’s AI infrastructure by integrating native identity verification and risk assessment tools directly into its ecosystem.
According to a recent announcement by Zebec Network, the acquisition of Gatenox will play a crucial role in securing regulatory approval under the European Union’s MiCA and registering with the UK’s Financial Conduct Authority later this year. By incorporating Gatenox’s technology, Zebec aims to strengthen its compliance framework and ensure a seamless and secure payment experience for its users.
In addition to the acquisition of Gatenox, Zebec Network recently acquired Science Card, a U.K.-based fintech firm with a substantial user base. Science Card offers a user-friendly app that allows users to send, receive, store, and manage their money, along with physical and digital cards that can be used globally. Moreover, users can also support scientific research in various fields through the platform.
Furthermore, Uphold, a regulated multi-asset digital trading platform in the U.S. and UK, holds a significant amount of Zebec Network’s native token ZBCN, amounting to over $35 million. This demonstrates the strategic value that regulated entities with a global user base see in ZBCN, further solidifying its position in the market.
There have also been speculations about a potential collaboration between Zebec Network and Ripple (XRP), although no formal announcement has been made yet. The rumors of this partnership have sparked a surge in ZBCN’s price in late May, indicating positive market sentiment and potential growth opportunities for the platform.
Overall, Zebec Network’s strategic acquisitions and partnerships, coupled with its focus on compliance and regulatory approval, position it as a key player in the evolving blockchain and payment industry. With a strong foundation and a commitment to innovation, Zebec Network is poised for continued growth and success in the digital payment space.