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Improved functionality with TRX staking and broader blockchain support
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Globally recognized B2BinPay has been updated with TRX staking, expanding blockchain support for greater efficiency and flexibility, benefiting users.
B2BinPay, the world-renowned blockchain platform, has undergone further improvements. THE latest version introduces TRX staking and expands blockchain support, providing greater efficiency and flexibility to customers. Let’s examine how these new features improve the B2BinPay user experience.
TRX Staking: Earn money while transacting
The launch of TRX Staking, based on the advanced Stake 2.0 mechanism developed by the TRON community, is a significant feature of B2BinPay v20. With greater flexibility, a simplified user interface, and improved resource delegation and usage efficiency, this new method surpasses the outdated Stake 1.0.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). However, the benefits don’t end there. By staking TRX, users can significantly reduce transaction fees on the TRON network. This is achieved by converting staked TRX into bandwidth and energy, two essential resources.
Energy drives the operation of smart contracts, while bandwidth is used for transaction processing capacity. Companies and individuals can maximize transaction efficiency and reduce operational expenses by targeting TRX and acquiring these assets, thus gaining a clear competitive advantage.
Getting started with TRX Staking on B2BinPay is simple:
- 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.
Increased support with Base, Arbitrum, and Optimism
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 offer native stablecoin support.
Optimism blockchain
Optimism is a Layer 2 solution that expands the Ethereum mainnet by bundling transactions. It collects and processes transaction data in batches from the Ethereum blockchain before returning it to the Ethereum mainnet for validation. The fees obtained through this process are ten times lower than the base level of Ethereum. Optimism is considered one of the cheapest blockchains and has saved customers over $1 billion in gas payments since its inception in 2021.
Arbitrary blockchain
An Ethereum scaling solution called Arbitrum enables larger transaction volumes at cheaper prices. Since it uses Ethereum tools, developers can quickly and securely launch DApps on Arbitrum. This integration supports stablecoins, giving users additional 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.
The importance of extensive blockchain support for customers
You now have more options for your transactions thanks to B2BinPay adding more blockchains, matching the right technology to your business needs.
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 other cases 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 aggregate USDT from 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.
Ensure liquidity for trading platforms
Let’s say you have large cryptocurrency funds and face urgent needs, such as stopouts on trading platforms. In that case, you can rely on B2BinPay’s extensive blockchain support for quickly converting assets into the currency needed for deposit. This feature allows for quick response to market demands and helps you maintain liquidity.
Final remarks
In summary, B2BinPay’s journey continues. Algorand and Solana will be introduced in the next version. This expansion will increase the total number of blockchains supporting stablecoin transactions to ten, including the current platforms: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Stay connected with B2BinPay and use advanced blockchain payment processing solutions to unlock the full potential of your business!
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