B2BinPay presents v19 update with expanding blockchain support and instant swaps

The world-renowned blockchain platform B2BinPay is always being improved via diligent work. The B2BinPay development team is eager to showcase its improvements to clients with the release of version 19! 

With an emphasis on creative swaps and the addition of further blockchain functionality, V19 offers several new features.

Instant Swaps and Competitive Pricing 

Swap is a well-liked and widely used technique for managing cryptocurrency holdings. Swaps don’t rely on order books like typical exchanges do. Rather, it facilitates quick and easy exchanges between various cryptocurrency assets. By integrating the Volume-Weighted Average Price (VWAP) function, which allows the system to choose the best available price from many centralized exchanges depending on transaction volume, swaps at B2BinPay become even more client-focused.

This implies that business customers may now easily and quickly obtain the best rates for their swaps by eliminating the need for them to evaluate pricing across many exchanges.

Swaps also cut two blockchain commission expenses for the client: the transaction from the exchange to the B2BinPay wallet and from the exchange to the centralized exchange. This gives the consumer more flexibility and affordability when managing their virtual assets.

In addition to individual wallets, clients can access fast swaps via the dedicated Swaps Tab on the front-end menu.

Easy Transactions & No Commission on Top-Up

The swap wallet top-up procedure is tailored to various user categories in version 19. Customers of digital wallets will profit from instantaneous transactions, enabling speedy money transfers. Meanwhile, owners of blockchain wallets can take advantage of on-chain transactions that provide security and transparency by employing blockchain recordkeeping. To maintain efficiency, remember that all top-ups must be made in the currency the wallet is denominated in. 

While blockchain wallets will charge a commission for on-chain transactions, users can top off their swap wallets from their B2BinPay accounts without commission.

Enhanced Support for Avalanche and Polygon Blockchains

The recent update expands stablecoin transaction options to include favorites like USDT, USDC, DAI, FRAX, TUSD, and EUROC on the Polygon and Avalanche blockchains. 

Polygon is a well-liked option for effective transactions because of its scalability and cheap transaction costs. Avalanche provides a strong base for quick transfers and stands out for its high throughput and quick processing times. By adding these two networks, B2BinPay gives its users access to reduced rates and expedited transactions.

Conclusion

Ultimately, the release of version 19 has given B2BinPay’s customers more options: they can use digital wallets to settle in their preferred currency (coin, stablecoin, or fiat), utilize blockchain wallets to access several blockchains and crypto coins, and use swap wallets to conduct swift trades. 

Furthermore, in order to make its services even more accessible, B2BinPay is aiming to lower the fees. All of this is a necessary aspect of the business’s ongoing evolution to meet the demands of the community and sector.