B2BinPay Introduces v19 Release With Instant Swaps and Expanded Blockchain Support

B2BinPay V19  brings a range of new features, with a special focus on instant swaps and the inclusion of additional blockchains. Let’s find out what benefits these upgrades bring to B2BinPay’s customers.

Swaps have become a popular method for managing crypto assets, allowing direct transactions without order books.  Following this trend, B2BinPay has implemented the VWAP — Volume-Weighted Average Price system. The mechanism helps the system select the best price from centralised exchanges based on trading volume, making swaps more efficient and convenient and eliminating the need for clients to compare prices across different exchanges. 

VWAP ensures that B2BinPay clients get the most favourable rates for their swaps quickly and effortlessly. The instant swaps can be accessed through the dedicated Swaps Tab on the front-end menu.

Additionally, swaps eliminate two blockchain commission costs for clients: transaction to the centralised exchange and transaction from the exchange to the B2BinPay wallet.  This upgrade provides greater flexibility and affordability in handling virtual assets for the B2BinPay clients.

The process of the swap wallet top-up can be tailored to different user types in the v19 version.  Digital wallets offer instant transactions for quick fund transfers, and blockchain wallets maintain on-chain transactions for greater transparency and security via blockchain registering. All top-ups should be made in the wallet’s denominated currency to ensure efficiency. Users can top up swap wallets from B2BinPay accounts with zero commission, but blockchain wallets will charge a commission for on-chain transactions.

Polygon, known for its scalability and low transaction fees, is a popular choice for efficient transactions, whereas Avalanche is famous for its high throughput and rapid processing times and offers a powerful platform for speedy transfers, resulting in lower fees and faster transactions. 

The integration of these two blockchains enables B2BinPay users to enjoy reduced fees, faster transactions, and broader stablecoin transaction options that now include favourites like USDT, DAI, FRAX, TUSD, USDC, and EUROC on these two networks. 

The version 19 release has brought the B2BinPay users improved user experience and more flexibility: they can settle in their preferred currency using digital wallets, access various blockchains and cryptocurrencies through the platform’s blockchain wallets, and make instant exchanges with swap wallets.

B2BinPay is continuously adapting to its community needs and industry trends, implementing outstanding features and upgrades to its platform. With the v19 release, the company now offers a comprehensive solution for blockchain transactions, and its plans to reduce fees will increase its accessibility and adoption globally.