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B2BinPay, a popular blockchain-backed payment platform, has always worked relentlessly to improve its industry presence and introduce market-leading innovations. With the 19th version, B2BinPay has brand new tools and improvements waiting for loyal and new users!
V19 brings numerous improvements, focusing on a new swap technology and additional blockchain support.
How VWAP Tool Delivers Instant Swaps and Fair Market Prices
Crypto swaps are becoming increasingly popular in the modern crypto landscape, allowing parties to conduct direct and immediate crypto exchanges with each other. Crypto swaps eliminate intermediaries or any other intrusive parties, letting users trade without bloated costs, delays or supervision.
With B2BinPay, the swaps become even more empowering for users thanks to the VWAP (Volume-Weighted Average Price) protocol, which provides optimal prices to clients depending on their transaction volume.
As a result, users don’t have to search the market for the best available prices, as B2BinPay will promptly and reliably provide optimal currency rates.
Moreover, crypto swaps allow B2BinPay to exclude two of the most extensive commission charges from transaction processing: centralised exchange fees and exchange-to-B2BinPay transaction costs. It will enable clients to decrease their operational costs and acquire more flexibility.
Users can find a dedicated Swaps Tab on the updated front-end menu, giving them instant access to crypto swaps through separate wallets.
Optimised Transfers & Commission-Free Top-Ups
With the V19 update, the swap wallet top-ups are customised for each user type. Digital wallet users can now conduct transactions instantly through quick fund transfers. Moreover, blockchain wallet owners can use on-chain transactions to increase the transparency and security of their operations thanks to the blockchain recording functionality. It is important to note that all top-up payments should be conducted in the wallet’s original denominated currency, increasing the efficiency of transactions.
There are no commissions for users who top up their swap accounts from B2BinPay, but blockchain wallets still feature commission charges for on-chain transfers.
Enhanced Support with Polygon and Avalanche
With the V19 update, the roster of supported blockchains has added Polygon and Avalanche, increasing B2BinPay’s pool of currency offerings to USDT, USDC, DAI, FRAX, TUSD, and EUROC on these networks.
Polygon has emerged as a go-to network for seamless scalability and decreased gas fees. In contrast, Avalanche has made its mark with high throughput and minimal processing delays, raising the bar of transaction speeds. The combination of the two added networks gives users more freedom of choice in deciding their processing priorities.
Closing Remarks
To summarise, the v19 upgrade is all about flexibility and accessibility. Users can settle easily in their currency choices (coins, stablecoins and fiat) through digital wallets, can use a wider selection of blockchain networks and cryptocurrencies with blockchain wallets, and conduct instant transfers with swap wallets.
With these notable additions and improvements, B2BinPay has become a full-stop crypto processing hub on a global scale. However, this is only the beginning, as B2BinPay is planning to minimise fees even further and introduce more freedom of choice.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
