ZBCN Token Defies Crypto Selloff On Stellar Partnership – Ripple Next In Line?

• Stellar announced on Thursday that it has selected Zebec as its global stablecoin payroll infrastructure provider.
• The partnership includes integration with MoneyGram’s global network, which includes over 50 million users. 
• Some Stocktwits users anticipated that a partnership with Ripple may be next, flagging Zebec’s upcoming XRP Las Vegas appearance in April.

Zebec Network (ZBCN) moved higher in midday trading on Thursday, outperforming a broader cryptocurrency selloff after confirming its long-anticipated partnership with Stellar Lumens (XLM).

The collaboration, which had been teased since February last year, positions Zebec as a key infrastructure provider within the Stellar ecosystem. Under the agreement, Stellar selected Zebec as its global stablecoin payroll infrastructure provider.

ZBCN’s price rose 5.3% in the last 24 hours and was among the top trending tickers on Stocktwits. Retail sentiment on the platform around the token remained in ‘bearish’ territory over the past day, with chatter at ‘normal’ levels. 

Meanwhile, XLM’s price fell nearly 2% in the last 24 hours amid the broader drawdown in the cryptocurrency market. Retail sentiment remained in the ‘bullish’ zone with chatter at ‘high’ levels.

The ZBCN token moved higher while the overall cryptocurrency market slipped 2.7% and Bitcoin’s (BTC) price momentarily fell below $69,000. The apex cryptocurrency was trading at around $69,200 at the time of writing, down 2.8% in the last 24 hours. Retail sentiment around BTC remained in ‘bullish’ territory over the past day, with chatter at ‘normal’ levels. 

What Is The Partnership Between Zebec And Stellar?

The partnership involves Zebec enabling businesses to pay employees and contractors in real time on Stellar. The earnings would be streamed in USDC (USDC), funds would then go into a digital wallet, and users can either spend or cash out their salary through cards or local pickup. 

The integration with Stellar expands Zebec’s connectivity to MoneyGram’s network of more than 50 million users across Latin America and other regions. It’s also the first native deployment of the project’s infrastructure outside of the Solana (SOL) network.

Retail’s Looking To Vegas For Ripple Partnership

One user on Stocktwits noted that the market had already anticipated the deal with Stellar, but said the full details now provide clearer insight into its potential impact. 

Many noted Zebec’s upcoming presence at XRP Las Vegas in April, where the company’s chief executive is scheduled to speak alongside industry participants. Market watchers anticipate that the company may announce its partnership with Ripple (XRP) at the event.

The company launched the desktop version of its SuperApp in February and plans to roll out a mobile version by mid-March. An enterprise-grade edition targeting institutional users is also expected to follow.

Within the Zebec Network, ZBCN is used for fees, staking rewards, incentives, and access to premium features. The company said the token’s utility is expected to grow as adoption of its products increases.

Read also: Bitcoin Falls Below $69,000 While Oil Prices Stay Elevated After Gulf Strikes

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