- The latest B2BinPay update ushers in a new era with the introduction of TRX staking and extended blockchain support.
- These advancements aim to enhance user flexibility and operational efficiency within the crypto sphere.
- “TRX Staking not only offers passive income but also optimizes transaction efficiency by reducing fees,” says a B2BinPay representative.
Discover how B2BinPay’s integration of TRX Staking and expanded blockchain support can revolutionize your crypto transactions and business operations.
TRX Staking – Earn While You Transact!
A notable feature of B2BinPay’s latest version is the integration of TRX Staking, leveraging the TRON community’s advanced Stake 2.0 mechanism. This next-gen approach provides enhanced flexibility, simplifying user interactions and boosting resource utilization efficiency compared to the previous Stake 1.0 model.
TRX Staking allows B2BinPay users to earn a passive annual yield of 3-5% (subject to network conditions) by staking TRX. Additionally, the process of staking TRX helps reduce transaction costs on the TRON network by converting staked tokens into Bandwidth and Energy, both crucial resources.
Bandwidth facilitates transaction processing capabilities, while Energy is essential for running smart contracts. By engaging in TRX Staking, users can optimize their transaction processes and cut down operational expenses, securing a competitive edge in the digital asset market.
Initiating TRX Staking through B2BinPay is straightforward:
- Start by converting your TRX into either Bandwidth or Energy, based on the specific processing needs of your chosen asset type.
- Next, allocate your votes, which are derived from the converted Bandwidth or Energy to SR.
Extended Blockchain Support with Optimism, Arbitrum, and Base
Building on prior integrations such as Polygon and Avalanche, B2BinPay’s latest version broadens its blockchain support with the addition of Optimism, Arbitrum, and Base. These new integrations are significant as they offer native support for stablecoins.
Optimism: Enhancing Ethereum’s Scalability
Optimism, a Layer 2 solution, improves Ethereum’s scalability by batching transactions. By aggregating transaction data from the Ethereum network and verifying them on the mainnet in consolidated batches, Optimism drastically lowers fees to a fraction of Ethereum’s standard charges. Since its launch in 2021, Optimism has saved users over $1 billion in gas fees, setting itself apart as a highly cost-efficient blockchain solution.
Arbitrum: Bolstering Ethereum Scalability with Lower Transaction Costs
Arbitrum enhances Ethereum’s transaction throughput at reduced costs. It uses the same tools as Ethereum, ensuring a smooth and secure environment for developers to swiftly deploy DApps (decentralized applications) on the network. The integration is particularly beneficial for stablecoin users, expanding their options while maintaining security and efficiency.
Base: Enhanced EVM Compatibility with Optimism’s OP Stack
Developed by Coinbase, Base leverages Optimism’s OP Stack to bolster EVM compatibility. This open-source rollup facilitates stablecoin support and streamlines code deployment across Ethereum and compatible blockchains, enhancing the overall utility for B2BinPay users.
The Significance of Expanded Blockchain Support for Clients
With the addition of new blockchains, B2BinPay users benefit from a wider range of transactional choices, aligning their business needs with the most suitable technological solutions.
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.
The following use cases illustrate the advantages of expanded blockchain support for clients:
Facilitating Withdrawals for End-Users
When an end-user needs to withdraw in a currency that isn’t readily available, B2BinPay can efficiently convert assets to the required currency while managing associated transaction costs, ensuring prompt and efficient withdrawals.
Minimizing Blockchain Transaction Fees
For clients aimed at reducing USDT transaction costs, B2BinPay offers a solution by aggregating USDT from various blockchains (including Ethereum or Optimism) into a single swap wallet. Clients can then withdraw funds using any available blockchain, thereby optimizing costs.
Ensuring Liquidity for Trading Platforms
In scenarios requiring immediate access to significant cryptocurrency funds, such as liquidity demands on trading platforms, B2BinPay’s extensive blockchain support allows businesses to swiftly convert assets into the needed currency, thus maintaining market responsiveness and liquidity.
Conclusion
To summarize, B2BinPay continues to push the envelope with new developments. The upcoming version promises to integrate Algorand and Solana, increasing the number of blockchains supported for stablecoin transactions to ten. These enhancements complement the existing platforms, which include Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.
Stay tuned to B2BinPay to maximize the potential of their advanced blockchain payment processing solutions and drive your business forward.
