B2BinPay launched the new version of its world-leading blockchain platform — V19. The new version offers exciting updates and new features, such as instant swaps with the VWAP system, zero commission for wallet top-ups, and extended blockchain support. All these features are focused on innovations and improved user experience.
Instant Swaps and Fair Pricing with VWAP
Swaps have become a very popular and well-liked method for handling crypto assets thanks to their ability to provide direct and immediate transactions between assets without relying on order books.
Keeping the focus on client experience, B2BinPay has implemented the VWAP (Volume-Weighted Average Price) mechanism. With this tool, users no longer need to compare prices from different exchanges since VWAP enables the system to select the best available price from various centralised exchanges based on the transaction volume, ensuring the clients get the most favourable rates quickly and effortlessly.
Swaps also help eliminate the commission for transactions sent to the centralised exchange and the commission for transactions sent from the exchange to the B2BinPay wallet.
Clients can access instant swaps through the dedicated Swaps Tab on the front-end menu, along with separate wallets.
Seamless Transactions & Zero Commission for Top-Ups
Users can top up swap wallets from B2BinPay accounts without any commission (however, blockchain wallets will charge a commission for on-chain transactions).
In v19, the swap wallet top-up process is customised to different user types. Digital wallets provide rapid financial transfers, whereas blockchain wallets give transparency and security via on-chain transactions. Note that for all top-ups, only wallet-denominated currency is allowed.
Users pay no commission for topping up their swap wallets from their B2BinPay accounts. However, blockchain wallets will incur a commission for on-chain transactions.
Amplified Blockchain Support
B2BinPay V19 adds support for the Polygon and Avalanche blockchains, allowing for the stablecoin transaction options with USDT, DAI, TUSD, USDC, FRAX, and EUROC on these networks.
These two blockchains are well-liked and used by many cryptocurrency users. Polygon is famous for its low transaction fees and scalability options, and Avalanche stands out for its high throughput and rapid processing times. With these blockchains now supported by B2BinPay, users can enjoy efficient, cheap, and speedy transactions.
Final Takeaway
B2BinPay v19 offers clients more flexibility in handling the chosen currencies with digital wallets; it allows for accessing various blockchains and cryptocurrencies through the blockchain wallets and making instant exchanges with swap wallets.
This makes B2BinPay a one-size-fits-all solution for crypto processing, and the company keeps on working on reducing fees to make its services even more accessible.
Company details
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OrganizationB2BinPay
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Dan Burgin
Alex Dovbnya
Vladislav Sopov