News
B2BinPay v20 increases functionality with TRX staking and broader Blockchain support
LONDON–(BUSINESS WIRE)–The industry-leading blockchain platform, 
Staking TRX – Earn money while transacting!
The launch of TRX Staking is fundamental, based on the advanced Stake 2.0 mechanism developed by the TRON community. strong point of B2BinPay v20. With greater flexibility, a simplified user interface, and improved resource delegation and usage efficiency, this new approach surpasses the previous Stake 1.0.
TRX staking allows B2BinPay customers to stake any amount of TRX and earn a passive annual return of 3-5% (subject to network conditions). But that is not all. By staking TRX, users can significantly reduce transaction fees on the TRON network. The staked TRX is converted into bandwidth and energy, two resources needed to achieve this goal.
Smart contracts run on energy, and transaction processing capacity is provided by bandwidth. By targeting TRX and acquiring these assets, businesses and individuals can increase transaction efficiency and save on operational costs, providing them with a distinct competitive advantage.
Getting started with TRX Staking on B2BinPay is simple:
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➔ Start by converting your TRX into bandwidth or energy based on the specific processing needs of your chosen resource type.
➔ Next, delegate your converted votes from Bandwidth or Energy to SR.
New blockchains supported
Building on the previous integration of Polygon and avalancheThe addition of Optimism, Arbitrum, and Base, all of which provide native support for stablecoins, significantly expands B2BinPay v20’s support for blockchain technology.
Optimism
Optimism is a Layer 2 solution that scales the leading Ethereum network by batching transactions. It collects transaction data from the Ethereum blockchain, processes it in batches, and sends it back to the Ethereum mainnet for validation. Since its launch in 2021, Optimism has reduced fees tenfold compared to Ethereum’s base tier. Users have saved over $1 billion in gas payments, making it one of the most convenient blockchains.
Referee
Arbitrum is an Ethereum scaling solution that increases transaction volumes while reducing costs. It shares Ethereum tools, allowing developers to deploy DApps on Arbitrum quickly and securely. This compatibility extends to stablecoins, giving users more choices.
Basic
Base, developed by Coinbase, optimizes Optimism’s OP stack for better EVM compatibility. This open source rollup supports stablecoins and simplifies code deployment on Ethereum and compatible blockchains.
Why is expanded Blockchain support important to customers?
By incorporating additional blockchains, B2BinPay expands the range of transaction options, aligning with business requirements using the right technology. Specifically, 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.
USDC bridged across 4 networks: Avalanche, Polygon, Optimism and Arbitrum.
Here are more use cases of how blockchain expansion can benefit you.
Simplification of withdrawals for end users
Let’s say your end user needs to withdraw funds in a currency that isn’t readily available. In such a case, B2BinPay enables rapid conversion of assets to meet currency requirements and manage associated transaction fees, ensuring timely fulfillment of withdrawal requests.
Reduce Blockchain Transaction Fees
If you aim to lower the cost of USDT transactions, B2BinPay offers an effective solution by allowing you to aggregate USDT from various blockchains, such as Ethereum or Optimism, into a single swap wallet.
Ensuring liquidity for trading platforms
Let’s say you have significant cryptocurrency funds and urgent requirements such as stopouts on trading platforms. In that case, you can rely on B2BinPay’s extensive blockchain support to quickly convert assets into the currency required for deposit. This feature helps you maintain liquidity and allows for quick response to market demands.
Final remarks
According to official statements, Algorand and Solana will be introduced in the next version. With this expansion, there will be 10 blockchains that will allow stablecoin transactions, including those already used: Ethereum, Tron, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum and Base.
Connect with B2BinPay and unlock your business potential with advanced blockchain payment processing solutions!
Contacts
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+357 250-308-82