B2BinPay, a prominent blockchain payment system, has unveiled its latest v19 update, packed with a host of new features and enhancements, including innovative instant swaps and expanded blockchain support.
Instant Swaps with VWAP:
The update introduces a unique instant swap feature, a popular choice among cryptocurrency enthusiasts. Unlike traditional exchange transactions, this method bypasses order books, facilitating immediate and direct trades of various digital currencies. B2BinPay takes this approach further by integrating the Volume-Weighted Average Price (VWAP) tool, ensuring users secure the most competitive token prices across multiple centralized exchanges based on transaction volume. This eliminates the need for clients to compare prices manually, streamlining the process and ensuring they get the best rates effortlessly. Additionally, B2BinPay’s swap functionality eliminates two blockchain commission costs for clients, enhancing cost-effectiveness.
No Commissions on Top-Ups & Enhanced Processing:
The update streamlines the process for topping up swap wallets to accommodate diverse user preferences. Digital wallet users benefit from instant transactions for swift fund transfers, while blockchain wallet users appreciate the security and transparency of on-chain transactions. Notably, top-ups must be completed in the wallet’s denominated currency. B2BinPay account holders enjoy zero commission on topping up swap wallets, while a fee applies to on-chain transactions with blockchain wallets.
New Supported Blockchains: Polygon and Avalanche:
B2BinPay expands its reach by adding support for Polygon and Avalanche, two highly sought-after blockchains. This integration provides users with added convenience, offering a wider range of stablecoin transaction options, including popular cryptocurrencies like USDT, DAI, USDC, TUSD, FRAX, and EUROC on these networks. Polygon brings scalability and low transaction fees, while Avalanche offers high throughput and rapid processing times, resulting in lower fees and faster transactions for users.
Conclusion:
The v19 update enhances flexibility for B2BinPay users, allowing settlement in preferred currencies via digital wallets and access to a broader range of blockchains and cryptocurrencies through blockchain wallets. The team is committed to further improving service fees in future updates, solidifying B2BinPay’s position as a dependable, all-in-one processing solution for businesses seeking seamless cryptocurrency payment acceptance.
