To maintain its leading position in the global blockchain industry, B2BinPay is always working hard to improve its platform. Introducing version 19, the development team at B2BinPay is eager to share the improvements with their clients.
New features have been announced in Version 19, with particular emphasis being placed on innovative swaps and the addition of new blockchains.
Instant Swaps and Competitive Pricing
Managing cryptocurrency assets through swaps has become widely popular and well-liked. Order books are not used in swaps, as they are in traditional exchanges. Instead, it facilitates the exchange of cryptocurrencies directly and immediately. By implementing VWAP (Volume-Weighted Average Price), B2BinPay makes this even more client-centric, selecting the best possible price from several centralized exchanges based on the volume of transactions.
Consequently, B2BinPay’s clients no longer have to compare exchange rates – the company does that for them, ensuring they get the most competitive swap rates in a matter of seconds.
Additionally, by using swaps, clients can eliminate two blockchain commission costs: transactions to the centralized exchange and transactions to the B2BinPay wallet, enabling them to handle their virtual assets in a more flexible and affordable manner.
Instant swaps can be accessed by clients via the dedicated Swaps Tab on the front-end menu, as well as through separate wallets.
Streamlined Transactions Without Commissions On Top-Ups
According to the latest version 19 of the software, a tailored top-up process is available for different types of users. Blockchain wallet owners will be able to have on-chain transactions that provide transparency and security through the recording of blockchain transactions, while customers of digital wallets will be able to conduct instant transactions for quick fund transfers. To maintain a high level of efficiency, all top-ups must be conducted in the same currency as the wallet.
Whenever users top up their swap wallets with their B2BinPay accounts, no commissions will be charged. However, on-chain transactions for blockchain wallets will incur a commission.
Polygon and Avalanche Expanded Blockchain Support
Favourite stablecoin transaction choices, including USDT, USDC, DAI, FRAX, TUSD, and EUROC, are now available on the Polygon and Avalanche blockchains.
Because of its reputation for scalability and cheap transaction costs, Polygon is a well-liked option for effective transactions. Avalanche is distinguished by its high throughput and quick processing times, providing a solid foundation for fast transfers. By combining the two, the business enables its customers to benefit from cheaper costs and faster transactions.
The Bottom Line
A significant advantage of B2BinPay’s version 19 release is increased flexibility for clients, including the ability to settle with digital wallets in the currency of their choice (coin, stablecoin, fiat), access blockchains and cryptocurrencies through blockchain wallets, and exchange cryptocurrencies instantly with swap wallets.
B2BinPay now offers a broader range of services, making it a one-stop shop for crypto processing. Additionally, B2BinPay is working on reducing fees to enhance the accessibility of its services further.
Adapting to the needs of the community and industry is part of the company’s natural progression. Check out the updated version, B2BinPay looks forward to hearing your feedback.
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