Crypto Payroll System Gets FedNow Certified
A crypto-based payroll ecosystem built around the $ZBCN token is promoting its recent FedNow certification as a key innovation. The system reportedly burns tokens with each transaction, offering a new model for payroll processing that integrates digital assets with traditional banking infrastructure.
The crypto payroll system, Zebec Network, achieves its FedNow certification through a strategic partnership with National Payment Corporation (NatPay). This collaboration enables Zebec to connect its blockchain-based payroll services to the Federal Reserve's instant payment infrastructure, allowing for real-time wage settlements for US employees. NatPay, which processes over $170 billion annually for 300,000 clients, provides the crucial link to the traditional banking system. Zebec's core offering is a "streaming finance" model, where employees can be paid by the second instead of through traditional pay cycles. This is facilitated through smart contracts on multiple blockchains, including Solana, Ethereum, and BNB Smart Chain. The system is designed to provide employees with immediate access to their earned wages, enhancing financial flexibility. The $ZBCN token is central to the Zebec ecosystem, used for paying transaction fees and for governance. A portion of the fees generated from transactions is burned, creating a deflationary mechanism intended to support the token's value over time. This token burn is tied to the platform's usage, including payroll processing and its crypto card services. The integration with FedNow is part of Zebec's broader strategy to bridge the gap between Web3 and traditional finance. The company has also focused on compliance, securing SOC 2 certification and aligning with ISO 20022, a global standard for financial messaging. These moves are aimed at attracting institutional and enterprise clients to its payroll and payment services. The adoption of crypto for payroll is a growing trend in HR technology, with proponents highlighting its potential for faster, cheaper cross-border payments and as a tool for attracting tech-savvy talent. For global teams, blockchain-based payroll can reduce transaction fees from 5-7% to under 1% and settle payments in minutes rather than days. In the Indian market, the HR tech sector is experiencing significant growth, with companies raising $379 million in 2025, a 102% increase from the previous year. This investment surge reflects a broader trend of digital transformation in HR, with a growing interest in areas like workforce analytics and improved employee experience platforms. While direct crypto payroll adoption is still emerging, the underlying push for more efficient and employee-centric financial solutions is a strong tailwind.
