B2BinPay, the leading blockchain platform, has undergone a significant upgrade, offering clients enhanced features and capabilities. The latest version of B2BinPay now includes TRX staking and supports a wider range of blockchains, providing users with increased flexibility and efficiency. In this article, we will explore how these upgrades improve the user experience with B2BinPay.
TRX Staking - Earn Rewards with Every Transaction
One of the notable 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 increased flexibility, streamlined user interactions, and improved efficiency in resource delegation and utilization compared to the previous Stake 1.0 version.
TRX staking allows B2BinPay clients to stake any amount of TRX and earn a passive annual yield ranging from 3% to 5%, depending on network conditions. However, the benefits go beyond yield generation. By staking TRX, users can significantly reduce transaction fees within the TRON network. This is achieved by converting staked TRX into Bandwidth and Energy, two essential resources.
Bandwidth enhances transaction processing capacity, while Energy fuels smart contract operations. By staking TRX and gaining access to these resources, businesses and individuals can optimize their transaction efficiency and reduce operational expenses, giving them a competitive edge in the digital asset sphere.
Initiating TRX Staking on B2BinPay is a simple process:
1. Convert your TRX into either Bandwidth or Energy, depending on the specific processing requirements of your chosen asset type.
2. Allocate your votes, which are converted from Bandwidth or Energy to SR.
Upgraded Blockchain Support with Optimism, Arbitrum, and Base
Building on the earlier integration of Polygon and Avalanche, B2BinPay v20 now supports additional blockchains such as Optimism, Arbitrum, and Base, all of which provide native support for stablecoins.
Optimism Blockchain
Optimism is a Layer 2 solution designed to enhance 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, estimated to be around ten times lower than Ethereum's base level. Since its inception in 2021, Optimism has saved users over $1 billion in gas payments, making it one of the most cost-effective blockchain alternatives.
Arbitrum Blockchain
Arbitrum is an Ethereum scaling solution that accommodates increased transaction volumes while minimizing costs. It allows developers to quickly and securely deploy decentralized applications (DApps) using the same tooling as Ethereum. This seamless integration extends support to stablecoins, offering users a wider range of options.
Base
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 Importance of Expanded Blockchain Support for Clients
With the integration of additional blockchains, B2BinPay offers clients a wider array of transaction options, allowing them to align their business requirements with the most suitable 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 use cases that demonstrate how B2BinPay's expanded blockchain support can benefit clients:
Facilitating Streamlined Withdrawals for End-Users
When end-users require withdrawals in currencies that are not readily accessible, B2BinPay allows businesses to convert assets into the required currency promptly and manage any associated transaction expenses. This ensures efficient fulfillment of end-user withdrawal requirements.
Reducing Blockchain Transaction Fees
For those looking to reduce USDT transaction costs, B2BinPay offers an efficient solution by allowing the aggregation of USDT from different blockchains, such as Ethereum or Optimism, into a unified swap wallet. From there, clients can choose to withdraw using any available blockchain, thereby reducing expenses.
Securing Liquidity for Trading Platforms
When significant cryptocurrency funds are held, businesses can rely on B2BinPay's extensive blockchain support to quickly convert assets into the required currency for deposit. This functionality enables a rapid response to market demands and ensures the maintenance of liquidity.
Final Thoughts
B2BinPay plans to introduce Algorand and Solana in the next release, expanding the 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 enhance your business potential.
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