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B2BinPay levels up: Streamlined earnings and broader blockchain options

| By iGB Editorial Team
Leading blockchain payment platform keeps improving 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.

Effortless earnings 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 a yearly return of 3%-5%, depending on network conditions.

However, the benefits go beyond passive income. Staking TRX also lets you significantly reduce transaction fees on the TRON network. This works by converting your 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 resources, you can optimise your transactions and save on fees, giving you a competitive edge.

Getting started with TRX Staking on B2BinPay is simple:

  1. Convert your TRX into either Bandwidth or Energy, depending on your needs.
  2. Delegate your votes (converted from Bandwidth or Energy) to a Super Representative (SR).

More choices with expanded blockchain support

Building on the success of Polygon and Avalanche integrations, B2BinPay v20 adds Optimism, Arbitrum and Base to its list of supported blockchains. All these new options allow for transactions using stablecoins.

  • Optimism: This speeds up the Ethereum mainnet by grouping transactions, resulting in lower fees (often 10 times less than Ethereum’s base level). Since its launch, Optimism has saved users over $1bn in gas payments, making it a cost-effective option.
  • Arbitrum: Similar to Optimism, Arbitrum allows for 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.
  • Base: Developed by Coinbase, Base leverages Optimism’s technology for compatibility with Ethereum Virtual Machine (EVM). This open-source platform supports stablecoins and simplifies code deployment across Ethereum and compatible blockchains.

Why more blockchains matter

With B2BinPay’s expanding list of supported blockchains, you gain the flexibility to choose the best option for each transaction. B2BinPay now supports:

USDT on seven networks – Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism and Arbitrum.

USDC on eight networks – Ethereum, Binance Smart Chain, Tron, Avalanche, Polygon, Optimism, Arbitrum and Base.

Bridged USDC on four networks – Avalanche, Polygon, Optimism and Arbitrum.

Here’s how this benefits you:

  • Faster withdrawals for your users: If your customers need to withdraw funds in a currency not readily available, B2BinPay lets you quickly convert assets and cover any transaction fees. This ensures they receive their withdrawals efficiently.
  • Reduced transaction fees: B2BinPay offers a solution to lower USDT transaction costs. You can combine USDT from various blockchains, like Ethereum or Optimism, into a single wallet for swapping. Clients can then withdraw using any available blockchain, minimising fees.
  • Ensuring liquidity on trading platforms: If you hold significant cryptocurrency and need to react quickly, B2BinPay’s broad blockchain support allows for rapid conversion of assets to the needed currency. This helps you maintain liquidity and respond to market demands efficiently.

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 supporting 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 your business’ full potential with advanced, user-friendly blockchain payment processing solutions!