Dubai, May 2, 2023 / AlexaBlockchain/ – Zeebu, a blockchain-based settlement platform, has launched the world’s first loyalty utility token specifically catering to the Telecom Carrier Industry. This move is set to revolutionize the sector by reducing transaction costs, improving settlement times, and increasing margins.
The telecom carrier industry works alongside large telecom operators to provide global connectivity, settling high transaction volumes with global partners. However, they struggle with issues such as remittance delays, forex crunches in emerging markets, local currency volatility against the USD, high costs of cross-border transactions, and low margins.
Zeebu’s loyalty utility tokens provide loyalty rewards to both merchants and customers for successful transactions, thereby reducing the cost of transactions, improving settlement times, and increasing margins.
The Zeebu token went live on the Ethereum mainnet on April 22, 2023, and will be unveiled in full at ITW, one of the largest Telecom industry conferences held in National Harbor, MD, in the Washington D.C. metropolitan area on May 14.
Raj Brahmbhatt, Founder and CEO of Zeebu, said: “I am excited to work on a project that aims to solve significant inefficiencies in the telecom carrier industry by using the Zeebu token’s loyalty rewards program to improve margin retention and operational efficiencies. This will disrupt instant settlements by enabling anytime, anywhere transactions.”
Keshav Pandya, Co-founder and COO of Zeebu, added: “Zeebu’s blockchain-based settlement platform and loyalty utility tokens are designed to bolster the profitability of the legacy telecom carrier industry, which comprises over 6000 players in a $120+ billion market.”
Zeebu is a tailor-made blockchain solution for telecom carriers and is working to solve real-world problems using Zeebu tokens and blockchain platforms by bringing conventional web 2.0 players to decentralized platforms. The token can be potentially extended to other B2B industries.
Zeebu is currently accepting merchant onboarding requests through their waitlist, catering exclusively to players in the telecom carrier industry. Interested parties can submit their information through the contact form on the Zeebu website. With partnerships, access, and network, Zeebu intends to get upwards of 100+ carriers to use their platform, positioning themselves as leaders in the sector.
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