Zeebu has launched the world’s first loyalty utility token designed specifically for the Telecom Carrier Industry. Global connection is made possible by the collaboration of telecom carriers and major telecom operators. By introducing a blockchain-based settlement platform to the telecom carrier market, Zeebu is establishing itself as a leader in the industry. Thanks to its collaborations, access, and network, Zeebu hopes to sign up more than 100 carriers.
Telecom carriers collaborate with international partners and handle large volumes of transactions, but they also face challenges such as remittance delays, currency shortages in developing nations, local currency volatility relative to the US dollar, high expenses associated with international trade, and slim profit margins.
The Zeebu loyalty utility tokens provide loyalty benefits to businesses and consumers for profitable transactions that lower transaction costs, guarantee quicker settlements, and boost profits. The Zeebu token went live on the Ethereum mainnet on April 22, 2023. Moreover, the entire product will be launched on May 14 at ITW, one of the biggest Telecom industry conferences annually in National Harbor, MD, in the Washington, D.C. metropolitan region.
Speaking about the launch, 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 in order to improve margin retention and operational inefficiencies. This will disrupt the instant settlements by enabling anytime anywhere transactions.”
“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.”, said Keshav Pandya, Co-founder and COO of Zeebu.
Zeebu is a blockchain technology created specifically for telecom companies. It is integrating traditional web 2.0 players into decentralized platforms in order to use Zeebu tokens and blockchain platforms to address real-world issues. The token could be expanded to additional B2B sectors. Zeebu, which exclusively serves participants in the telecom carrier business, is now taking merchant onboarding requests via their waitlist. On the Zeebu website, interested parties may fill out the contact form to send their information.