Zebec Announces Off-Ramp Functionality in Collaboration with Coinflow
It’s time to bring out the big guns for DeFi in 2023! Zebec has now successfully launched its off-ramp functionality with Coinflow.
Zebec users can now move their payments directly from the Zebec App to their bank accounts. The off-ramp feature will allow users to connect their bank accounts directly to their Zebec account. Users are now able to receive their payroll or payments in real-time, on a per-second basis and move it to their bank accounts straight from the app, without the need to send funds to an exchange.
Why Off-Ramp?
“Off-ramp” refers to the process of exchanging cryptocurrencies for fiat currency. The presence of an off-ramp feature ensures that consumers are not tied to a cryptocurrency and are able to sell crypto for cash at any moment. This means that Zebec users can now move the tokens in their Zebec accounts to their bank accounts by converting them to fiat currency.
Zebec is a continuous settlement protocol that enables the composable transfer of value starting with Zebec Payroll. This initial project allows businesses, employees, and consumers to receive their payroll on a per-second basis.
With the addition of off-ramp facilities, users will now be able to use Zebec Payroll to its full extent. Once you have your per-second payments, you can transfer them into your bank accounts by exchanging the received tokens into fiat directly. Yep, it’s that easy!
Getting Started
Follow these steps to get started with Zebec’s off-ramp functions:
- Log in to your Zebec Account.
- On the right side of the Dashboard, click on “Withdraw to Bank Account” in the Deposit and Withdraw box.
Note: First-time users must complete the KYC form before withdrawing to their bank accounts.
3. The KYC form will open. Fill out your full name, address, birth date, contact and SSN.
4. In the next pop-up window, fill out the amount you would like to withdraw. (Withdrawing requires a minimum of $10 equivalent)
5. Check when you would like the transfer to complete. The “Instant Transfer” requires a small fee. The estimated time will be also mentioned at the bottom.
6. Click on “Plaid Checking” to select the desired bank account to transfer the amount.
Note: You can choose from a wide range of American banks in the list of Plaid. Users can also add or change their bank account for every transaction.
7. Finally, click on “Withdraw USDC”.
About Zebec Protocol
Businesses, ecosystem partners, and institutions use Zebec Protocol to stream real-time, per-second payments to payees. By more efficiently leveraging the time value of money, Zebec makes money worth more.
Follow Zebec on Social Media:
Twitter | Discord | Telegram | Operation Horizon | Website
