B2BinPay v20 – TRX Staking and Enhanced Blockchain Support
B2BinPay, the industry-leading blockchain platform, continues to evolve, offering even greater value to its clients. Version 20 introduces two key features: TRX Staking and expanded blockchain support. Let’s delve into how these additions enhance your B2BinPay experience.
TRX Staking: Earn Passively on Transactions
A cornerstone of the B2BinPay v20 update is TRX Staking, built on the TRON community’s advanced Stake 2.0 mechanism. This innovative approach surpasses the previous Stake 1.0 by providing superior flexibility, streamlined user interactions, and optimised resource delegation and utilisation.
TRX Staking empowers B2BinPay users to stake any amount of TRX and earn a passive annual yield of 3-5%, contingent on network conditions. However, the benefits extend beyond passive income. 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 that fuel the network.
Bandwidth dictates transaction processing capacity, while Energy powers smart contract operations. By staking TRX and acquiring these resources, both businesses and individuals can optimise transaction efficiency and decrease operational costs, gaining a competitive edge in the digital asset landscape.
Getting started with TRX Staking on B2BinPay is a breeze:
- Convert your TRX into either Bandwidth or Energy, aligning with the specific processing needs of your chosen asset type.
- Delegate your votes, converted from either Bandwidth or Energy to a Super Representative (SR).
Increased Roster of Blockchains: Optimism, Arbitrum, Base
Building upon the successful integrations of Polygon and Avalanche, B2BinPay v20 broadens its blockchain support with the addition of Optimism, Arbitrum, and Base – all featuring native support for stablecoins.
Optimism
This Layer 2 solution scales the Ethereum mainnet by batching transactions, resulting in significantly lower fees (often ten times less than Ethereum’s base level). Since its launch in 2021, Optimism has saved users over $1 billion in gas payments, solidifying its position as one of the most cost-effective blockchains.
Arbitrum
As another Ethereum scaling solution, Arbitrum facilitates higher transaction volumes at reduced costs. By utilising the same tooling as Ethereum, developers can swiftly and securely deploy DApps on Arbitrum. This integration also supports stablecoins, further expanding user options.
Base
Developed by Coinbase, Base leverages Optimism’s OP Stack for enhanced EVM compatibility. This open-source rollup supports stablecoins and simplifies code deployment across Ethereum and compatible blockchains.
Why Expanded Blockchain Support Changes the Equation
With B2BinPay’s growing list of supported blockchains, you gain greater flexibility to tailor your transactions 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.
Bridged USDC on 4 networks: Avalanche, Polygon, Optimism, and Arbitrum.
Here’s how this expansion can further benefit you:
Streamlined Withdrawals for End-Users
If your end-user requires a withdrawal in a currency not readily available, B2BinPay allows you to swiftly convert assets to the desired currency and cover any associated transaction costs. This ensures efficient fulfillment of your end-user’s withdrawal requests.
Reduced Blockchain Fees
B2BinPay offers an effective solution for lowering USDT transaction costs. You can aggregate USDT from various blockchains, such as Ethereum or Optimism, into a single swap wallet. Clients can then withdraw using any available blockchain, minimising fees.
Ensuring Liquidity for Trading Platforms
If you hold significant cryptocurrency funds 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.
The Future of B2BinPay: Continuous Innovation
The company plans to introduce Algorand and Solana in the next releases. This expansion will increase the total number of blockchains supporting stablecoin transactions to ten, currently encompassing Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Stay connected with B2BinPay and unlock the full potential of your business with advanced blockchain payment processing solutions!
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
