The B2BinPay crypto platform has presented an all-new v17 upgrade to its digital infrastructure, providing much-needed additions and improvements to elevate the user experience. B2BinPay's crypto platform has been among the industry leaders in providing smooth and seamless crypto services for merchant and enterprise clients.
The latest platform update aims to build on the solid core foundation of B2BinPay, offering new tools, features, trading options and much more. Let's examine the nature and extent of additions in the v17 update.
Two brand-new stablecoin offerings - EUROC and TUSD
While the crypto market has matured and improved significantly over the last two years, it still experiences high levels of volatility. Thus, stablecoins have become one of the most popular assets in this field, offering a much-desired predictability to crypto users. To accommodate the rising demands of the public, B2BinPay has decided to expand its settlement portfolio by adding two new stablecoins, TrueUSD and Euro Coin, alongside its existing options of BTC, USDT, USDC, USD and EUR.
Thus, the total B2BinPay package now features 14 coins, 14 stablecoins and 25 tokens with various utilities. These virtual assets are automatically settled into the seven currencies, including the two newly added coins.
TrueUSD and Euro Coin have built-in ERC20, BEP20 and TRC 20 token standards, allowing customers to manage their crypto assets seamlessly. Adding Euro Coin is highly important for the B2BinPay's audience, as it presents a definitive stablecoin option for businesses in the Eurozone territory. Moreover, Euro Coin was developed by Circle, which is most famous for creating USDC, the second-largest stablecoin on the market.
Expanding currency support capabilities
With the v17 update, B2BinPay now supports an impressive pool of tokens, including 14 stablecoins and 113 new permits, in 14 different Blockchain networks. The notable networks presented by B2BinPay include Tron, Ethereum and Binance Smart Chain.
Affordable pricing plans
While the quality and functionality of crypto platforms are essential, clients also look for optimal pricing options. That is why B2BinPay has revised its pricing model, providing a more affordable plan for clients with limited budgetary capabilities.
For merchants, B2BinPay now offers a complete account setup for just $500. The v17 update also overhauled the commission structure, reducing the standard merchant fees from 0.5% to 0.4%. Sometimes, the new commission tiers can go as low as 0.25%.
Enterprise clients' setup charges have also decreased from $1,500 to $1,000, which also includes smart contract activation on various networks, including Ethereum and Binance Smart Chain. Enterprise clients can also choose from various digital wallets, like Binance Coin, Ripple, Stellar, Tron, etc.
Streamlining the UI and UX
B2BinPay understands the significance of seamless user experience and presents several crucial improvements to UI with the v17 upgrade. These include expanded search capabilities, sorting assets alphabetically, marking them as favourites, etc. Additionally, B2BinPay supports users with a comprehensive onboarding guide, explaining all the details and intricacies of the platform to enhance adoption.
V17 update also accommodates the conversion of payout fees in the default currency of choice, letting customers manage their costs in a simplified manner. Customers can choose custom fee currencies as well.
Additional features and upgrades
The v17 update has simplified dropdown menus, letting users manage their dashboards with ease. The search capabilities have also been expanded, which enables users to navigate the platform efficiently.
The platform has disposed of the 7-day expiration date for customer invoices, which lets users organise their documentation without arbitrary deadlines. B2BinPay will also send automated email reports to customers, letting them analyse their past performance in a summarised manner.
As for enterprise clients, they can now sort the wallet tables using unique IDs and currency types. The QR code now displays respective token icons on the top for convenience. Finally, clients can add or remove IP addresses from the whitelist with a one-step process, only requiring password authentication.
Fortified customer support features
Of course, all of the above-outlined improvements would be in vain without effective customer support. The new "unread counter" feature allows users to control the status of their tickets and receive appropriate support much faster, enhancing the overall user experience.
v17 is a major improvement across the entire B2BinPay platform ecosystem. However, the team does not plan to stop there, and the development of v18 and v19 is already underway.
B2BinPay has also announced two major upcoming partnerships. In collaboration with Ledger, B2BinPay is developing custom-made Ledger Nano X wallets, only available to the platform users. Additionally, the B2BinPay team is excited to announce their sponsorship of the Athletic Club for the 2023/2024 La Liga session.
Overall, the team behind B2BinPay is staying proactive in their efforts to iterate on their core foundation and reward loyal customers with an ever-improving platform.