B2BinPay, the frontrunner in blockchain payment processing, continues to refine its offerings with version 20. This update focuses on two key areas: simplifying how you earn with TRX Staking and providing a vaster selection of blockchains for your transactions. Let’s delve into how these enhancements streamline your B2BinPay experience.
Effortless Income Generation: Unveiling TRX Staking
B2BinPay v20 introduces TRX Staking, a groundbreaking feature that empowers you to generate passive income on your TRX holdings. Leveraging the TRON community’s cutting-edge Stake 2.0 system, TRX Staking boasts a user-friendly interface, making it easier than ever to participate. Regardless of the amount you stake, you’ll earn a yearly return of 3-5%, contingent on network conditions.
The benefits extend beyond passive income. By staking TRX, you can significantly reduce transaction fees on the TRON network. This magic happens by converting your staked TRX into Bandwidth and Energy, the essential resources that fuel the network’s operations.
Imagine Bandwidth as the processing muscle for transactions and Energy as the fuel for smart contracts. By staking TRX and acquiring these resources, you can optimise your transactions for efficiency and minimise fees. This translates to a significant competitive edge in the dynamic digital asset landscape.
Getting started with TRX Staking on B2BinPay is a breeze. Simply convert your TRX into either Bandwidth or Energy, depending on the specific processing requirements of your chosen asset. Then, delegate your votes (converted from Bandwidth or Energy) to a Super Representative (SR).
Introducing a New Wave of Blockchain Options
Building on the successful integrations of Polygon and Avalanche, B2BinPay v20 broadens your horizons by adding Optimism, Arbitrum, and Base to its ever-growing list of supported blockchains. These new additions unlock a universe of possibilities for transactions using stablecoins.
Optimism
This innovative Layer 2 solution tackles the scalability challenges of the Ethereum mainnet by batching transactions. This results in significantly lower fees, often ten times less than Ethereum’s base level. Since its launch in 2021, Optimism has saved users a staggering $1 billion in gas payments, solidifying its position as a cost-effective option.
Arbitrum
Similar to Optimism, Arbitrum facilitates faster and more affordable transactions on the Ethereum network. It achieves this by utilising the same tooling as Ethereum, making it seamless for developers to deploy decentralised applications (DApps) on Arbitrum. This integration also supports stablecoins, further expanding your transaction flexibility.
Base
Developed by Coinbase, Base leverages Optimism’s OP Stack for enhanced compatibility with the Ethereum Virtual Machine (EVM). This open-source platform supports stablecoins and simplifies code deployment across Ethereum and other compatible blockchains.
Understanding the Importance of Expanded Blockchain Support
With B2BinPay’s ever-expanding selection of supported blockchains, you gain the agility to tailor your transactions with laser focus, selecting the optimal option for each situation. B2BinPay now supports:
USDT on 7 networks – Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, and Arbitrum.
USDC on 8 networks – Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Bridged USDC on 4 networks – Avalanche, Polygon, Optimism, and Arbitrum.
Here’s how this expanded universe empowers you:
Swift Withdrawals for Your Users
If your customers require a withdrawal in a currency that is not readily available, B2BinPay allows you to swiftly convert assets to the desired currency and cover any associated transaction fees. This ensures a seamless withdrawal experience, keeping your users happy and loyal.
Minimised Transaction Charges
B2BinPay offers an ingenious solution for slashing USDT transaction costs. You can consolidate USDT from various blockchains, such as Ethereum or Optimism, into a single swap wallet. This allows your clients to withdraw using any available blockchain, minimising fees and maximising profitability.
Ensuring Liquidity on Trading Platforms
If you hold significant cryptocurrency holdings and encounter urgent needs, like stopouts on trading platforms, B2BinPay’s extensive blockchain support allows for the rapid conversion of assets into the needed currency for deposit. This functionality facilitates a swift response to market demands and helps you maintain liquidity, ensuring you never miss a beat.
The Future is Open: Continuous Innovation at B2BinPay
The B2BinPay team announces that the next release will introduce Algorand and Solana, bringing the total number of blockchains supporting stablecoin transactions to ten and expanding their services further. This impressive list currently encompasses Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
