The leading blockchain platform, B2BinPay, has been significantly upgraded. The newest version now includes TRX staking and supports a wider range of blockchains, providing clients with increased flexibility and efficiency. The following sections explore how these enhancements improve the user experience with B2BinPay.
TRX staking – Earn rewards as transactions are made
A notable highlight of B2BinPay version 20 is the implementation of TRX Staking, founded on the advanced Stake 2.0 mechanism within the TRON community. This updated approach surpasses the previous Stake 1.0 version by providing increased flexibility, streamlined user interactions, and improved efficiency in resource delegation and utilisation.
TRX staking empowers B2BinPay clients to stake any quantity of TRX and earn a passive annual yield ranging from 3% to 5% (depending on network conditions). However, the benefits extend beyond mere yield generation. Through staking TRX, users can notably reduce transaction fees within the TRON network. This is achieved by converting staked TRX into Bandwidth and Energy, two fundamental resources.
Bandwidth enhances transaction processing capacity, whereas Energy fuels smart contract operations. By staking TRX and obtaining access to these resources, businesses and individuals can optimise their transaction efficiency and diminish operational expenses, thereby gaining a significant competitive edge within the digital asset sphere.
Initiating TRX staking on B2BinPay is a simple process:
- Start by converting your TRX into either Bandwidth or Energy, depending on the specific processing requirements of your selected asset type.
- Allocate your votes, which are converted from Bandwidth or Energy to SR.
Upgraded blockchain support with Optimism, Arbitrum, and Base
Building upon the earlier integration of Polygon and Avalanche, B2BinPay v20 broadens its support for blockchains. The update includes Optimism, Arbitrum, and Base, all of which provide native support for stablecoins.
Optimism
Optimism represents a Layer 2 solution geared towards amplifying the scalability of the Ethereum main network by consolidating transactions. It aggregates transaction data from the Ethereum blockchain, processes it in batches, and then transmits it back to the Ethereum mainnet for validation. This approach significantly reduces transaction fees, which are estimated to be around ten times lower than Ethereum's base level. Since its inception in 2021, Optimism has facilitated savings of over $1 billion in gas payments for users, solidifying its reputation as one of the most economical blockchain alternatives.
Arbitrum
Arbitrum stands as an Ethereum scaling solution designed to accommodate increased transaction volumes while minimising costs. Leveraging the same tooling as Ethereum, Arbitrum enables developers to swiftly and securely deploy decentralised applications (DApps). This seamless integration extends support to stablecoins, offering users a broader array of options.
Base
Crafted by Coinbase, Base utilises Optimism's OP Stack to bolster compatibility with EVM. This open-source rollup solution not only supports stablecoins but also streamlines code deployment across Ethereum and compatible blockchains.
The importance of expanded blockchain support for clients
With B2BinPay's integration of additional blockchains, clients are presented with an expanded array of transaction options, enabling alignment of their business requirements with the most appropriate technology.
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 additional use cases illustrating how B2BinPay's expanded blockchain support can benefit clients.
Streamlined withdrawals for end-users
In situations where end-users necessitate withdrawals in currencies that are not readily accessible, B2BinPay empowers businesses to convert assets into the required currency promptly and manage any associated transaction expenses. This ensures efficient fulfilment of end-user withdrawal requirements.
Lower blockchain transaction fees
For those seeking to mitigate USDT transaction costs, B2BinPay presents an efficient solution by enabling the aggregation of USDT from diverse blockchains, such as Ethereum or Optimism, into a unified swap wallet. From this point, clients have the option to withdraw using any available blockchain, thereby reducing expenses.
Liquidity for trading platforms
When significant cryptocurrency funds are held, and urgent needs arise, such as stopouts on trading platforms, businesses can rely on B2BinPay's extensive blockchain support to swiftly convert assets into the required currency for deposit. This functionality enables a rapid response to market demands and facilitates the maintenance of liquidity.
Final remarks
B2BinPay plans to introduce Algorand and Solana in the next release, expanding the total number of blockchains supporting stablecoin transactions to ten, alongside their current platforms: Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Stay connected with B2BinPay to leverage their advanced blockchain payment processing solutions and boost your business potential!
To learn more about this project, please visit it’s website.