B2BinPay, the leading blockchain platform, has undergone a significant upgrade that brings new features and increased flexibility to its clients. The latest version of B2BinPay now includes TRX staking and supports a wider range of blockchains, enhancing the user experience. Let’s take a closer look at these enhancements and how they benefit B2BinPay users.
One of the key highlights of B2BinPay v20 is the implementation of TRX staking, which is based on the advanced Stake 2.0 mechanism within the TRON community. This updated approach offers improved flexibility, streamlined user interactions, and enhanced efficiency in resource delegation and utilization compared to the previous Stake 1.0 version. By staking TRX, B2BinPay clients can earn a passive annual yield ranging from 3% to 5% (depending on network conditions). But the benefits go beyond yield generation. Staking TRX allows users to reduce transaction fees within the TRON network by converting staked TRX into Bandwidth and Energy, two essential resources. Bandwidth increases transaction processing capacity, while Energy powers smart contract operations. By accessing these resources through staking TRX, businesses and individuals can optimize their transaction efficiency and reduce operational expenses, giving them a significant competitive edge in the digital asset realm.
Initiating TRX staking on B2BinPay is a straightforward process. Users need to convert their TRX into either Bandwidth or Energy, depending on the specific processing requirements of their chosen asset type. Once converted, they can allocate their votes, which are then converted from Bandwidth or Energy to SR.
In addition to TRX staking, B2BinPay v20 also brings expanded blockchain support with the integration of Optimism, Arbitrum, and Base, following the earlier integration of Polygon and Avalanche. These blockchains provide native support for stablecoins, offering users more options.
Optimism is a Layer 2 solution designed to improve the scalability of the Ethereum main network by consolidating transactions. It significantly reduces transaction fees, estimated to be around ten times lower than Ethereum’s base level. Since its launch in 2021, Optimism has saved users over $1 billion in gas payments, making it one of the most cost-effective blockchain alternatives.
Arbitrum is an Ethereum scaling solution that accommodates increased transaction volumes while minimizing costs. It enables developers to deploy decentralized applications (DApps) quickly and securely, leveraging the same tooling as Ethereum. Arbitrum also extends support to stablecoins, giving users a broader range of options.
Base, developed by Coinbase, utilizes Optimism’s OP Stack to enhance compatibility with EVM. This open-source rollup solution supports stablecoins and streamlines code deployment across Ethereum and compatible blockchains.
The expanded blockchain support offered by B2BinPay provides clients with a wider array of transaction options, allowing them to align their business requirements with the most suitable technology. B2BinPay now supports USDT on seven networks: Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, and Arbitrum. It also supports USDC on eight networks and bridged USDC on four networks, including Avalanche, Polygon, Optimism, and Arbitrum.
This expanded blockchain support brings several benefits to B2BinPay clients. For example, it facilitates streamlined withdrawals for end-users who require currencies that may not be readily accessible. B2BinPay allows businesses to convert assets promptly and manage transaction expenses to fulfill end-user withdrawal requirements efficiently.
Clients can also mitigate USDT transaction costs by aggregating USDT from different blockchains into a unified swap wallet using B2BinPay. This enables clients to withdraw using any available blockchain, reducing expenses.
Furthermore, B2BinPay’s extensive blockchain support helps secure liquidity for trading platforms. When urgent needs arise, businesses can swiftly convert assets into the required currency for deposit, allowing them to respond rapidly to market demands and maintain liquidity.
Looking ahead, B2BinPay plans to introduce Algorand and Solana in its next release, expanding the number of blockchains supporting stablecoin transactions to ten. With its advanced blockchain payment processing solutions, B2BinPay aims to empower businesses and unlock their full potential.
Stay connected with B2BinPay to leverage their advanced blockchain payment processing solutions and boost your business potential!
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