B2BinPay Expands Blockchain Support with TRX Staking, Optimism, Arbitrum, and Base

B2BinPay, the world-leading blockchain platform, has just become even better. The latest version introduces TRX staking and expands blockchain support, offering clients greater flexibility and efficiency.

B2BinPay, the world-leading blockchain payment processing solution, has just unveiled its latest version, introducing TRX Staking and expanding its blockchain support to include Optimism, Arbitrum, and Base. These new features enhance the user experience by offering greater flexibility, efficiency, and a wider range of blockchain options for seamless transactions. Here's a closer look at how these additions benefit B2BinPay clients:

TRX Staking – Earn While You Transact!

A major highlight of B2BinPay v20 is the introduction of TRX Staking, built on the TRON community’s advanced Stake 2.0 mechanism. This new approach surpasses the previous Stake 1.0 by offering greater flexibility, simplified user interactions, and enhanced efficiency in resource delegation and utilisation.

TRX staking allows B2BinPay clients to stake any amount of TRX and earn a passive annual yield of 3-5% (subject to network conditions). Additionally, staking TRX can significantly reduce transaction fees on the TRON network by converting staked TRX into Bandwidth and Energy, two essential resources.

Bandwidth is utilised for transaction processing capacity, while Energy powers smart contract operations. By staking TRX and acquiring these resources, businesses and individuals can optimise their transaction efficiency and lower operational costs, gaining a distinct competitive advantage in the digital asset landscape.

Embarking on TRX Staking through B2BinPay is a simple process:

Extended Blockchain Support with Optimism, Arbitrum, and Base

Expanding upon the prior integration of Polygon and Avalanche, B2BinPay v20 broadens its blockchain support by introducing Optimism, Arbitrum, and Base. These additions are particularly noteworthy as they provide native support for stablecoins.

Optimism: Enhancing Ethereum’s Scalability

Optimism is a Layer 2 solution that boosts the scalability of the Ethereum main network through transaction batching. By collecting transaction data from the Ethereum blockchain, consolidating it into batches, and then validating it on the Ethereum mainnet, Optimism significantly reduces fees, which are typically one-tenth of Ethereum’s base level. Since its inception in 2021, Optimism has enabled users to save over $1 billion in gas payments, establishing itself as one of the most cost-effective blockchain solutions available.

Arbitrum: Empowering Ethereum Scalability with Reduced Transaction Costs

Arbitrum is an Ethereum scaling solution designed to enable greater transaction throughput at reduced costs. Leveraging the same tooling as Ethereum, it offers developers a seamless and secure environment for swiftly deploying decentralised applications (DApps) on the Arbitrum network. This integration is particularly advantageous for stablecoin users, as it broadens available options.

Base: Leveraging Optimism’s OP Stack for Improved EVM Compatibility

Crafted by Coinbase, Base utilises Optimism’s OP Stack to bolster compatibility with EVM. This open-source rollup facilitates the support of stablecoins and streamlines code deployment across Ethereum and compatible blockchains.

The Significance of Expanded Blockchain Support for Clients

With the integration of more blockchains into B2BinPay, clients gain a broader array of choices for their transactions, aligning their business needs with the 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 several other use cases demonstrating how the expansion of blockchain support can benefit clients.

Facilitating Withdrawals for End-Users

When an end-user necessitates withdrawal in a currency that is not readily accessible, B2BinPay can promptly convert assets into the required currency and manage any associated transaction expenses. This ensures efficient fulfillment of your end-user’s withdrawal requirements.

Minimising Blockchain Transaction Fees

For clients seeking to diminish USDT transaction costs, B2BinPay presents an efficient solution by permitting the aggregation of USDT from diverse blockchains, including Ethereum or Optimism, into a unified swap wallet. From this point, clients can withdraw funds employing any available blockchain, thereby reducing expenses.

Guaranteeing Liquidity for Trading Platforms

In scenarios where significant cryptocurrency funds are held and urgent requirements arise, such as stopouts on trading platforms, businesses can rely on B2BinPay’s extensive blockchain support for swift conversion of assets into the required currency for deposit. This feature facilitates rapid responses to market demands and aids in maintaining liquidity.

Conclusion

In summary, B2BinPay's journey continues with ongoing developments. The upcoming release is set to introduce Algorand and Solana, expanding the total number of supported blockchains for stablecoin transactions to ten. These additions complement existing platforms, which include Tron, Ethereum, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.

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