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B2BinPay has been working hard to improve its blockchain platform and introduce innovative features to the industry. The latest major update, V19, includes new swap technology, expanded blockchain support, and several other enhancements.
Users can expect a range of new features with this update.
How VWAP Protocol raises efficiency and accessibility of swaps
Crypto swaps have become increasingly popular as they allow people to directly and instantly exchange cryptocurrencies with one another.
These swaps eliminate middlemen and other central authorities, enabling users to trade without excessive fees, delays, or monitoring.
B2BinPay offers swaps that integrate the Volume-Weighted Average Price (VWAP) system, which provides customers with the best prices based on their transaction volume.
With this update, users can avoid the time-consuming process of monitoring the market for the best deals, as B2BinPay will consistently gather data from several leading centralized exchanges and offer the best rates to its customers.
Additionally, crypto swaps can help eliminate two of the most substantial commission charges: centralized exchange and exchange-to-B2BinPay fees. This gives clients greater flexibility and reduces their operating expenses.
On the new front-end menu, users can easily access cryptocurrency swaps through different wallets with the dedicated Swaps Tab.
Commission-less top-ups and instant transfers
The V19 version of the swap wallet top-ups has been customized to cater to every kind of user.
With this update, digital wallet users can perform transactions efficiently with fast fund transfer capabilities.
Blockchain wallet holders can leverage the blockchain recording feature to increase the security and transparency of their operations.
To ensure smooth processing of transactions, please remember to make all top-up payments using the original currency denominated in the wallet.
Users who top up their swap accounts via B2BinPay account will not be charged any commissions. However, blockchain wallet users may still incur fees for on-chain transactions.
Integration of Polygon and Avalanche
With the V19 upgrade, B2BinPay has expanded the list of supported blockchains to include Polygon and Avalanche.
Users can now use USDT, USDC, DAI, FRAX, TUSD, and EUROC stablecoins on these networks.
Polygon is preferred for its scalability and low gas costs, whereas Avalanche is known for its high throughput and low processing latency.
This integration allows users to choose their preferred blockchain network, which can significantly improve their trading and operational efficiency.
Final thoughts
The v19 upgrade gives users more options while decreasing their overall expenses. Clients can utilize a more extensive range of blockchains and cryptocurrencies with blockchain wallets, perform instantaneous transfers with swap wallets, and enjoy flexible settlement options in cryptos, stablecoins, or fiat through digital wallets.
With significant upgrades and additions, B2BinPay aims to be a cryptocurrency processing powerhouse. The platform intends to keep reducing charges and offering more options to customers.
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