The New B2BinPay V19: Introducing Swaps & Adding More Blockchains

B2BinPay, a renowned blockchain-based payment solution, keeps improving its market position in a highly dynamic and evolving industry. This time, the company introduced a new product update, B2BinPay V19.

The new version introduces instant swaps and supports new blockchain networks that most users will find useful. Let’s talk about these updates in more detail.

Instant Swaps Are now Available

B2BinPay adds swaps to its services, allowing users to swap their coins rather than exchange them, which makes the process faster and more direct. Usually, exchanging entails using the order book and interchanging coins between blockchains, resulting in longer waiting times and higher fees.

However, swaps are faster, cheaper and easier to get around. Moreover, B2BinPay makes this process flexible and cost-effective thanks to the volume-weighted average price model, or VWAP, which automatically looks for the best price from several exchanges without having the customer manually search and find the most suitable rate.

This introduction makes the customer experience more centralised and organised in a one-stop dashboard, with the “Swaps” option available on the left-hand side menu.

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Easier Wallet Management at 0 Fees

In version 19, the fund addition process to swap wallets is customised for various user preferences. Digital wallet users can now enjoy instant transactions for swift fund transfers. Meanwhile, blockchain wallet holders benefit from on-chain transactions, ensuring transparency and security through blockchain records. Note that it's crucial for users to top up their wallets in the specified currency to maintain smooth operations.

Topping up swap wallets from B2BinPay accounts comes without any commission fees. However, the commission will be applied to blockchain wallet transactions due to the on-chain process.

Expanded Payment Methods

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The new B2BinPay update adds Polygon and Avalanche to the supported chains as thriving blockchains with many safety, scalability and efficiency characteristics that benefit all types of clients.

USDT, TUSD, USDC, EUROC, FRAX and DAI are now supported payment methods on these networks, giving users more flexibility over their transactions.

Thoughts, What’s Next?

In conclusion, Version 19 of B2BinPay introduces expanded options for users by adding swaps and enabling transactions on two additional blockchains, namely Polygon and Avalanche. Moreover, B2BinPay is actively working on fee reduction initiatives, aiming to enhance accessibility and convenience for a broader user base. Stay up to date - the best is yet in the pipeline!