B2BinPay V19 Release: Adding Swaps & Supporting New Blockchains!
Product Updates
Our commitment to excellence and innovation continues, and this time, we are introducing a new product update, B2BinPay Version 19! This release crowns the hard work and dedication of our team at B2BinPay to prove our position as market leaders in the crypto payment processing niche.
This update is a special one! We’ve introduced instant swaps, added new blockchain networks, and, as always, upgraded interfaces for better user experience. So, let’s take you through our update.
Exchange Your Coins Cheaper & Faster with Instant Swaps!
Swap is a popular way to handle cryptocurrency, offering a straightforward alternative to traditional exchanges. Swaps don’t rely on order books, allowing direct and instant trades between cryptocurrencies.
B2BinPay makes this process even more user-friendly by using the VWAP (Volume-Weighted Average Price) system. VWAP is a calculation that considers not just the price of the cryptocurrency but also the volume of trades, giving us more balanced rates.
We gather these rates from leading centralised exchanges and carefully pick the best price from several sources. This means our users don’t have to waste time comparing prices on different exchanges – we do it for you, ensuring you get the best rates for your swaps quickly and easily.
With swaps, B2BinPay also cuts out two types of blockchain fees for the users: the fee for sending to the exchange and the fee for transferring to the B2BinPay wallet. This makes managing digital assets more flexible and cost-effective.
Users can access instant swaps through the Swaps Tab on the front-end menu, which also offers separate wallets for added convenience.
$0 Commissions for Top-ups
Adding funds to swap wallets is customised to various user groups. Those with digital wallets can take advantage of instant transactions for quick fund transfers, while blockchain wallet holders have access to on-chain transactions, which are transparent and secure through blockchain technology. It’s important for all top-ups to be made in the wallet’s default currency to ensure smooth transactions.
Users topping up their swap wallets from B2BinPay accounts enjoy the benefit of zero commission fees. However, blockchain wallet top-ups will include a commission for on-chain transactions.
Polygon and Avalanche Blockchains Are Now Available
B2BinPay’s latest upgrade also brings support for Polygon and Avalanche blockchains, broadening the stablecoin transaction options to include well-liked choices like USDT, USDC, DAI, FRAX, TUSD, and EUROC on these networks.
Polygon is known for its scalability and affordable transaction costs, while Avalanche is recognised for its high throughput and rapid processing times. Adding these two to our offerings enables our users to benefit from reduced fees and quicker transactions.
Tried The New Version?
To wrap up, with the release of version 19, our clients gain increased flexibility: they can choose to settle in their preferred currency, whether it’s a coin, stablecoin, or fiat, through digital wallets; they can access a wide range of blockchains and cryptocurrencies via our blockchain wallets; they can make instant trades with the swap wallets.
We’re not stopping here, though; we’re in the process of reducing our fees to make our services more accessible to a broader audience. We look forward to receiving your feedback on B2BinPay version 19.
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