B2BinPay v19 Introduces Instant Swaps and Expanding Blockchain Support
Fed 14, 2024
B2BinPay announces the arrival of version 19, introducing instant swaps and broadening support for blockchains. The team at B2BinPay is dedicated to continuously enhancing their world-leading blockchain platform. The recent update, version 19, showcases significant improvements in various aspects.
Instant Swaps and Fair Pricing with VWAP
Version 19 includes the implementation of instant swaps and offering competitive pricing achieved through the Volume-Weighted Average Price (VWAP) system. With VWAP, the B2BinPay system selects the best price from different centralised exchanges based on transaction volume, providing a client-focused experience.
This means that clients no longer need to compare prices across different exchanges. B2BinPay does the comparison, ensuring clients receive the most favourable rates quickly and effortlessly.
Additionally, the swap feature eliminates two blockchain commission costs for clients: the transaction to the centralised exchange and the transaction from the exchange to the B2BinPay wallet, offering greater flexibility and affordability in handling virtual assets.
Customers can access instant swaps through the dedicated Swaps Tab on the front-end menu, complemented by separate wallets for a seamless experience.
All-in-one Transactions & Zero Charge for Top-Ups
In version 19, the swap wallet top-up process is tailored to various user types. Digital wallet users benefit from instant transactions for quick fund transfers, while blockchain wallet owners have on-chain transactions that provide transparency and security through blockchain recording. Top-ups must be made in the wallet’s denominated currency for efficiency.
Users encounter zero commission when topping up their swap wallets from their B2BinPay accounts, although blockchain wallets will incur a commission for on-chain operations.
Extended Blockchain Support with Polygon and Avalanche
The update also expands blockchain support by adding compatibility with Polygon and Avalanche. This inclusion widens stablecoin transaction options, now encompassing popular choices such as USDT, USDC, DAI, FRAX, TUSD, and EUROC on these two networks.
Polygon is renowned for scalability and low dealing fees, while Avalanche stands out for high throughput and fast processing times, offering users lower costs and swifter transactions.
Final Remarks
In summary, with the release of version 19, B2BinPay clients enjoy increased flexibility. They can settle in their preferred currency (coin, stablecoin, fiat) with digital wallets, access various blockchains and cryptocurrencies through blockchain wallets, and make instant exchanges with swap wallets.
B2BinPay aims to be a comprehensive solution for crypto processing, with ongoing efforts to reduce fees and enhance accessibility. The team is committed to adapting to the needs of the community and industry, eagerly awaiting feedback on B2BinPay v19.
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