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B2BinPay v20 Release: Improved functionality with TRX
Hong Kong, China, June 6, 2024 (GLOBE NEWSWIRE) — B2BinPay, the world’s leading blockchain platform, just got even better. The latest version introduces TRX staking and expands blockchain support, offering customers greater flexibility and efficiency. Let’s take a look at how these new features improve the B2BinPay user experience.
Staking TRX – Earn money while transacting!
A key highlight of B2BinPay v20 is the introduction of TRX Staking, based on the TRON community’s advanced Stake 2.0 mechanism. This new approach improves on Stake 1.0 by providing greater flexibility, simplified user interactions, and greater efficiency in delegation and resource usage.
TRX staking allows B2BinPay customers to stake any amount of TRX and earn a passive annual return of 3-5% (subject to network conditions). Additionally, TRX staking helps users reduce transaction fees on the TRON network by converting staked TRX into bandwidth and energy, vital network resources.
Energy powers smart contract operations, while bandwidth is needed for transaction processing capacity. By targeting TRX and acquiring these assets, both businesses and individuals can optimize transaction efficiency and reduce operational costs, gaining a distinct advantage over the competition.
Getting started with TRX Staking on B2BinPay is simple:
- Start by transforming your TRX into energy or bandwidth, depending on the particular processing needs of the resource type you have selected.
- Next, delegate your converted votes from Bandwidth or Energy to SR.
Wider Blockchain support with Optimism, Arbitrum, and Base
Building on the previous integration of Polygon and avalancheB2BinPay v20 further expands blockchain support with the addition of Optimism, Arbitrum, and Base, all of which provide native support for stablecoins.
Optimism
Optimism works as a layer 2 solution, improving the scalability of the Ethereum mainnet by consolidating transactions. It retrieves transaction data from the Ethereum blockchain, processes it collectively, and then sends it back to the Ethereum mainnet for validation. This process significantly reduces fees, lowering them tenfold compared to Ethereum’s base level. Since its inception in 2021, Optimism has saved users more than $1 billion in gas payments, establishing itself as one of the most convenient blockchains available.
Referee
Arbitrum is an Ethereum scaling solution that facilitates higher transaction volumes at lower costs. Developers can deploy DApps quickly and securely on Arbitrum using Ethereum tools. This integration supports stablecoins, giving users more options.
Basic
Base, developed by Coinbase, uses 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 expanding the number of blockchains offered by B2BinPay, you can match the appropriate technology to your business needs and increase your transaction options. 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 some examples of how you could profit from blockchain expansion.
Simplification of withdrawals for end users
In the event that your end user requests withdrawal in a currency that is not immediately available, B2BinPay allows you to quickly convert assets into the needed currency and address any associated transaction costs. This ensures that you can successfully fulfill your end user’s withdrawal requests.
Reduce Blockchain Transaction Fees
B2BinPay allows you to combine USDT on various blockchains, such as Optimism or Ethereum, into a single swap wallet, which is a useful solution if you want to reduce the cost of USDT transactions. From there, customers can withdraw using any available blockchain, reducing costs.
Ensuring liquidity for trading platforms
If you have large cryptocurrency funds and face urgent needs, such as stopouts on trading platforms, you can rely on B2BinPay’s extensive blockchain support for quickly converting assets into the currency needed for deposit. You can quickly respond to market needs and maintain liquidity with the support of this feature.
Final remarks
B2BinPay plans to introduce Algorand and Solana in the next version. This expansion will increase the total number of blockchains that support stablecoin transactions to ten, including currently supported networks: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Stay connected with B2BinPay and use modern blockchain payment processing solutions to optimize your business’ potential!
