B2BinPay v20 Enhances Blockchain Functionality, Introduces TRX Staking, and Expands Blockchain Support

The industry-leading blockchain platform, B2BinPay, has improved even further. The most recent version offers clients more flexibility and efficiency

Blockchain payment processing solutions provider B2BinPay has announced the launch of version 20 of its platform, which now offers TRX staking and support for Optimism, Arbitrum, and Base blockchains.

The new TRX Staking feature is based on the Stake 2.0 mechanism developed by the TRON community, which provides increased flexibility and a simplified user interface compared to the previous Stake 1.0 approach. With TRX Staking, any amount of TRX can be staked to earn a passive annual yield of 3-5% (subject to network conditions).

Additionally, by staking TRX, users can significantly reduce transaction fees on the TRON network. Staked TRX is converted into bandwidth and energy, two necessary resources for running smart contracts and processing transactions, respectively.

Optimism, Arbitrum, and Base are all Layer 2 solutions that provide native support for stablecoins, such as USDT and USDC. By integrating these blockchains, B2BinPay expands the range of transaction options available to its clients.

Specifically, 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), and bridged USDC on four networks (Avalanche, Polygon, Optimism, and Arbitrum).

These use cases demonstrate how the blockchain expansion can benefit B2BinPay clients:

- Streamlining withdrawals for end-users: If an end-user needs to withdraw funds in a currency that’s not immediately available, B2BinPay allows for swift asset conversion to meet currency requirements and handle associated transaction fees.

- Reducing blockchain transaction fees: If you aim to lower the cost of USDT transactions, B2BinPay offers an effective solution by allowing you to aggregate USDT from various blockchains, such as Ethereum or Optimism, into a single swap wallet.

- Ensuring liquidity for trading platforms: Suppose you have significant cryptocurrency funds and urgent requirements like stopouts on trading platforms. In that case, you can rely on B2BinPay’s extensive blockchain support to quickly convert assets into the required currency for deposit. This feature assists you in maintaining liquidity and enables quick responsiveness to market demands.

According to the official statements, Algorand and Solana will be introduced in the upcoming release. With this expansion, there will be 10 blockchains that enable stablecoin transactions, including those already used: Ethereum, Tron, Binance Smart Chain, Avalanche, Polygon, Optimism, Arbitrum, and Base.