Blockchain
B2BinPay Levels Up: Simplified Earnings and Broader Blockchain Options: ID, Blockchain
The leading blockchain payment platform continues to improve with its latest update, version 20.
This release focuses on two key areas: making it easier to earn with TRX Staking and offering a wider range of blockchains for your transactions. Let’s see how these features simplify your B2BinPay experience.
Earn money effortlessly with TRX Staking
B2BinPay v20 introduces TRX Staking, a new way to earn passive income on your TRX holdings. Powered by the TRON community’s advanced Stake 2.0 system, it’s easier to use than ever. You can stake any amount of TRX and earn an annual return of 3-5%, depending on network conditions.
However, the benefits go beyond passive income. Staking TRX also allows you to significantly reduce transaction fees on the TRON network. It works by converting staked TRX into bandwidth and energy, the resources that power the network.
Think of bandwidth as processing power for transactions and energy as fuel for smart contracts. By staking TRX and acquiring these assets, you can optimize your transactions and save on fees, gaining a competitive advantage.
Getting started with TRX Staking on B2BinPay is simple:
- Convert your TRX into bandwidth or energy, depending on your needs.
- Delegate your votes (converted from Bandwidth or Energy) to a Super Representative (SR).
More choices with extended blockchain support
Building on the success of the Polygon and Avalanche integrations, B2BinPay v20 adds Optimism, Arbitrum, and Base to its list of supported blockchains. All of these new options allow transactions using stablecoins.
- Optimism: This speeds up the Ethereum mainnet by batching transactions, resulting in lower fees (often 10x lower than Ethereum’s base level). Since its launch, Optimism has saved users over $1 billion in gas payments, making it an affordable option.
- Referee: Similar to Optimism, Arbitrum enables faster transactions on Ethereum at lower costs. It uses the same tools as Ethereum, making it easy for developers to build applications on Arbitrum. This integration also supports stablecoins, giving you more flexibility.
- Basic: Developed by Coinbase, Base leverages Optimism technology for compatibility with the Ethereum Virtual Machine (EVM). This open source platform supports stablecoins and makes it easy to deploy code on Ethereum and compatible blockchains.
Why more blockchains matter
With the expanding list of blockchains supported by B2BinPay, you get the flexibility to choose the best option for each transaction. 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 the advantages for you:
- Faster withdrawals for your users: If your customers need to withdraw funds in a currency not immediately available, B2BinPay allows you to quickly convert assets and cover any transaction fees. This ensures that they receive their withdrawals efficiently.
- Reduced transaction fees: B2BinPay offers a solution to reduce USDT transaction costs. You can combine USDT from various blockchains, such as Ethereum or Optimism, into a single wallet for trading. Customers can then withdraw using any available blockchain, minimizing fees.
- Ensuring liquidity on trading platforms: If you own a significant amount of cryptocurrency and need to react quickly, B2BinPay’s extensive blockchain support allows for quick conversion of assets into the needed currency. This helps you maintain liquidity and respond efficiently to market demands.
B2BinPay: Committed to continuous improvement
The B2BinPay team is looking for ways to improve. The next release will see the addition of Algorand and Solana, bringing the total number of blockchains that support stablecoin transactions to 10, including the current ones: 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 and easy-to-use blockchain payment processing solutions!