B2BinPay, the leading blockchain platform, just got even better. The latest version introduces TRX staking and expands blockchain support, providing customers with greater flexibility and efficiency. Let’s see how these new features improve the B2BinPay user experience.
TRX Staking – Earn while you trade!
A major highlight of B2BinPay v20 is the introduction of TRX Staking, built on the TRON community’s advanced Stake 2.0 mechanism. This new approach enhances Stake 1.0 by providing greater flexibility, simplified user interactions, and improved efficiency in delegating and using resources.
TRX staking allows B2BinPay customers to stake any amount of TRX and earn a passive annual return of 3-5% (depending on network terms). Furthermore, deploying TRX helps users reduce transaction costs on the TRON network by converting deploying TRX into bandwidth and energy, crucial network resources.
Energy powers smart contract operations, while bandwidth is required for transaction processing capacity. By deploying TRX and acquiring these resources, both companies and individuals can optimize transaction efficiency and reduce operational costs, giving them a clear competitive edge.
Getting started with TRX Staking on B2BinPay is easy:
- Start by converting your TRX to Energy or Bandwidth, depending on the specific processing requirements of the asset type you selected.
- Next one, delegate your votes converted from bandwidth or energy to SR.
Broader Blockchain Support with Optimism, Arbitrum and Basics
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 provide native support for stablecoins.
Optimism
Optimism works as a Layer 2 solution and improves the scalability of the main Ethereum network by consolidating transactions. It retrieves transaction data from the Ethereum blockchain, processes it collectively, and then sends it back to the Ethereum mainnet for validation. This process significantly reduces fees, reducing them ten times to Ethereum’s base level. Since its founding in 2021, Optimism has saved users more than $1 billion in gas payments, establishing itself as one of the most cost-effective blockchains out there.
Arbitration
Arbitrum is an Ethereum scaling solution that enables higher transaction volumes at lower fees. Developers can deploy DApps on Arbitrum quickly and securely using Ethereum’s tools. This integration supports stablecoins, giving users more options.
Base
Base, developed by Coinbase, uses Optimism’s OP Stack for improved EVM compatibility. This open-source package supports stablecoins and simplifies code deployment in Ethereum and compatible blockchains.
Why is comprehensive Blockchain support important for customers?
By expanding the number of blockchains B2BinPay offers, you can tailor the right technology to your business needs and increase your transaction capabilities. 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 examples of how you can benefit from the blockchain expansion.
Streamlining recordings for end users
In the event that your end user requires withdrawal in a currency that is not immediately available, B2BinPay allows you to quickly convert assets into the necessary currency and address any associated transaction fees. This guarantees that you can successfully fulfill your end user’s recording requests.
Reducing transaction costs for Blockchain
B2BinPay allows you to combine USDT with different blockchains, such as Optimism or Ethereum, into a single swap wallet, which is a useful solution if you want to reduce the costs of USDT transactions. From there, customers can withdraw using any available blockchain, reducing costs.
Ensuring liquidity for trading platforms
If you have significant cryptocurrency funds and are facing urgent needs such as stopouts on trading platforms, you can rely on B2BinPay’s extensive blockchain support for the quick conversion of assets to the currency required for the deposit. Using this functionality, you can quickly respond to market needs and maintain liquidity.
Final comments
B2BinPay plans to introduce Algorand and Solana in the next release. This expansion will increase the total number of blockchains supporting stablecoin transactions to ten, including the currently supported networks: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Stay connected with B2BinPay and use modern blockchain solutions for payment processing to optimize the potential of your business!