B2BinPay v20 Adds: An even better version of B2BinPay, the world’s top blockchain platform, is now available. Customers now have more options and better efficiency with the newest version, including TRX staking and blockchain compatibility. This article will go over how these new capabilities improve B2BinPay.
TRX Staking – Earn When You Transact!
One of the most notable features of B2BinPay v20 is TRX Staking, based on the sophisticated Stake 2.0 mechanism developed by the TRON community. With improved resource allocation and utilization efficiency, simplified user interactions, and more flexibility, this new approach outshines the preceding Stake 1.0.
Through TRX staking, B2BinPay users can passively earn a dividend of 3-5% per year (depending on network conditions). By exchanging staked TRX for energy and bandwidth, two crucial network resources, staking TRX can also drastically lower transaction fees on the TRON network.
Transaction processing capacity uses bandwidth, while smart contract processes are powered by energy. Businesses and individuals can get a clear advantage in the digital asset environment by staking TRX and acquiring these resources. This will optimize transaction efficiency and minimize operating expenses.
Blockchain Support: Optimism, Arbitrum, Base
With the addition of Optimism, Arbitrum, and Base, B2BinPay v20 expands its blockchain capabilities, building upon the previous integration of Polygon and Avalanche. However, it is impossible to add native support for stablecoins; these additions are worth mentioning.
Optimism: Enhancing Ethereum’s Scalability
Optimism, a Layer 2 solution, improves Ethereum’s main network scalability by implementing transaction batching. Fees are typically a hundredth of Ethereum’s base. Positive thinking gathers transaction data from the Ethereum blockchain, batches it, and then confirms it on the Ethereum mainnet, lowering fees. The 2021 debut of Optimism has saved people over $1 billion in gas bills. This makes it one of the most cost-effective blockchain choices.
Arbitrum: Empowering Ethereum Scalability with Reduced Transaction Costs
An Ethereum scaling solution, Arbitrum aims to increase transaction throughput while decreasing expenses. Using the same tools as Ethereum provides a safe and easy way for developers to build and launch DApps on the Arbitrum network quickly. Users of stablecoins will benefit greatly from this integration because it increases their options.
Base: Leveraging Optimism’s OP Stack for Improved EVM Compatibility
Base, developed by Coinbase, uses Optimism’s OP Stack to strengthen EVM compatibility. However, Support for stablecoins and easier code deployment to Ethereum and other compatible blockchains are both made possible by this open-source rollup.
Increasing Client Blockchain Support: Importance
However, Customers can better match their company needs with the right technology as B2BinPay integrates new blockchains, giving them more transaction options.
Currently, B2BinPay is compatible with USDT on seven different networks: Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, and Arbitrum. Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, Arbitrum, and Base are the eight networks that support USDC.
However, Participated in USDC on four networks: Avalanche, Polygon, Optimism, and Arbitrum. Here are a few more examples of how clients might benefit from blockchain support expansion.
Facilitating Withdrawals for End-Users
Quickly convert assets into the needed currency and handle any associated transaction charges when an end-user needs a withdrawal in a currency that is not readily accessible using B2BinPay. This guarantees that your end-user’s withdrawal requests will be efficiently met.
Minimising Blockchain Transaction Fees
Because B2BinPay works with many blockchains, businesses can quickly convert their cryptocurrency assets into the deposit currency they need when they need to, like when trade sites stop taking funds. Large amounts are kept in a different cryptocurrency. This function helps keep liquidity levels high and allows for quick reactions to market demands.
Conclusion
In summary, B2BinPay is still strong with all the new features and improvements. The number of blockchains that can process stablecoin transactions will increase to ten with the introduction of Algorand and Solana in the next version. These enhancements round out the current platform offerings, encompassing Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base. However, Maintain contact with B2BinPay to maximize the benefits of their cutting-edge blockchain payment processing services and advance your company.