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B2BinPay v20: Improving functionality with TRX staking and broader blockchain support

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B2BinPay v20: Improving functionality with TRX staking and broader blockchain support

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Globally recognized B2BinPay upgraded with TRX staking, broadening blockchain support for enhanced efficiency and flexibility, benefiting users.

B2BinPay v20: Improving functionality with TRX staking and broader blockchain support - 1

B2BinPay, the globally renowned blockchain platform, has undergone further enhancements. The latest version introduces TRX staking and expands blockchain support, providing more efficiency and flexibility to the customers. Let’s examine how these new features improve B2BinPay’s user experience.

TRX staking – earn while you transact

B2BinPay v20: Improving functionality with TRX staking and broader blockchain support - 2

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 its increased flexibility, streamlined user interface, and improved resource delegation and utilization efficiency, this new method outperforms the outdated Stake 1.0. 

TRX staking empowers B2BinPay clients to stake any amount of TRX and earn a passive annual yield 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 accomplished by converting staked TRX into Bandwidth and Energy, two essential resources.

Energy drives the functioning of smart contracts, while bandwidth is utilized for transaction processing capacity. Businesses and individuals can maximize transaction efficiency and reduce operating expenses by staking TRX and acquiring these resources, giving them a clear competitive advantage.

Getting started with TRX Staking on B2BinPay is simple:

  • Begin by converting your TRX into either Bandwidth or Energy based on the specific processing needs of your chosen asset type.
  • Next, delegate your votes converted from Bandwidth or Energy to SR.

Increased Support with Base, Arbitrum, and Optimism

Building on the previous integration of Polygon and Avalanche, B2BinPay v20 further expands blockchain support with the addition of Optimism, Arbitrum, and Base, all offering native support for stablecoins.

Optimism blockchain

Optimism is a Layer 2 solution that expands the Ethereum main network by batching transactions. It gathers and processes transaction data in batches from the Ethereum blockchain before returning it to the Ethereum mainnet for validation. Fees obtained through this process are ten times less than Ethereum’s base level. Optimism is regarded as one of the cheapest blockchains and has saved customers over $1 billion in gas payments since its inception in 2021.

Arbitrum blockchain

An Ethereum scaling solution called Arbitrum allows larger transaction volumes at cheaper prices. Because it uses Ethereum’s tooling, developers may quickly and safely launch DApps on Arbitrum. This integration supports stablecoins, giving users further options.

Base

Base, developed by Coinbase, utilises Optimism’s OP Stack for enhanced EVM compatibility. This open-source rollup supports stablecoins and simplifies code deployment across Ethereum and compatible blockchains.

The importance of expanded blockchain support to clients

You now have more options for your transactions thanks to B2BinPay’s addition of more blockchains, which match 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.
  • Bridged USDC on 4 networks: Avalanche, Polygon, Optimism, and Arbitrum.

Here are some more cases of how you might profit from the blockchain expansion.

Streamlining withdrawals for end-users

In case your end-user requires withdrawal in a currency that is not immediately available, B2BinPay enables you to swiftly convert assets to the needed currency and address any associated transaction costs. This guarantees that you can successfully satisfy the withdrawal requests of your end-user.

Reducing blockchain transaction fees

B2BinPay lets you aggregate USDT from various blockchains, like 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, clients can withdraw using any available blockchain, reducing costs. 

Ensuring liquidity for trading platforms

Suppose you have significant 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 the rapid conversion of assets into the currency needed for deposit. This functionality allows for quick response to market demands and helps you maintain liquidity.

Final remarks

In summary, B2BinPay’s journey continues. In the upcoming release, Algorand and Solana will be introduced. This expansion will increase the total number of blockchains supporting stablecoin transactions to ten, including current platforms: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.

Keep in touch with B2BinPay and use the advanced blockchain payment processing solutions to unlock your business’s full potential!

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.