September 7th, 2023 at 5:00 pm UTC · 4 min read
B2BinPay has officially launched its Version 17 update, a pivotal development to optimise the cryptocurrency payment journey for merchant and enterprise-level clients. As an industry frontrunner, B2BinPay continually focuses on innovation and service improvement, and the latest v17 release is a clear example of it. The Version 17 update not only refines existing functionalities but also introduces many new features, upgrades, and corrections to meet the diverse needs of its client base. Here’s what this update has to offer.
In a financial landscape often marked by unpredictability, stablecoins serve as a haven of stability and assurance. Before the Version 17 rollout, B2BinPay offered settlements in a limited set of key currencies like BTC, USDT, USDC, USD, and EUR.
The new update expands this framework by incorporating TrueUSD and Euro Coin into its Merchant Wallets. This enhancement provides businesses with an enriched selection of payment alternatives, including 14 cryptocurrencies, 14 stablecoins, and 25 tokens that can be automatically converted into seven different currencies. These new inclusions are compatible with various token standards such as ERC20, BEP20, and TRC20, granting merchants greater latitude in payment and settlement management.
The debut of Euro Coin (EUROC), a stablecoin backed by Euro and issued by Circle, is particularly noteworthy. Circle is also the issuer of USDC, the world’s second-largest stablecoin with a market capitalisation exceeding $25 billion. EUROC is an invaluable asset for businesses operating within the Eurozone.
B2BinPay’s enterprise blockchain wallet solution is a robust ecosystem tailored for institutions that prefer cryptocurrency-exclusive operations. The Version 17 update amplifies this offering by adding support for 14 stablecoins and 113 new tokens across multiple blockchain networks, including Ethereum, Bitcoin, TRON, and Binance Smart Chain.
The update introduces a more competitive pricing model. The initial setup cost for merchant clients is now $500, and transaction fees have been reduced from 0.5% to 0.4%. New commission tiers have also been introduced, going as low as 0.25% for higher transaction volumes.
The setup fee has been revised for enterprise-level blockchain wallets from $1500 to $1000. This fee now encompasses the activation of smart contracts across various platforms and includes no hidden costs. New commission tiers start at 0.4% and can go as low as 0.05%.
The user interface has been refined to include new filtering options, an alphabetical search feature, and a favourites section in the Rates Tab.
Detailed onboarding guides have been added to facilitate navigation for both novice and seasoned users.
Moreover, transaction fees can now be displayed in the user’s preferred currency, enhancing transparency.
The platform has undergone several usability enhancements, such as improved dropdown menus and search functionalities. The 7-day expiration limit on merchant invoices has been removed, and an email notification feature for reports has been added. A “Delete Wallet” option has also been introduced for wallets with zero balance.
Enterprise users can now organise wallet tables by ID and currency. The B2BinPay team also enhanced QR code generation to feature token icons layered above the QR code for clarity. Furthermore, individual IPs can be added or removed from the IP whitelist, and password confirmation is now conveniently displayed in a pop-up window.
A real-time notification system has been integrated into the Helpdesk, featuring an “unread counter” that indicates the number of tickets with new messages, ensuring prompt customer support.
Version 17 of B2BinPay is a comprehensive upgrade designed to enrich the user experience for a diverse clientele. Future updates, Versions 18 and 19, are already in the pipeline, promising further enhancements.
To underscore its commitment to innovation, B2BinPay has recently partnered with Ledger to offer custom-branded Ledger Nano X wallets. Furthermore, B2BinPay has secured sponsorship rights for the Athletic Club in the 2023/2024 La Liga season, increasing its visibility and promoting cryptocurrency payment solutions.
This series of initiatives, culminating in the launch of Version 17, underscores B2BinPay’s unwavering commitment to excellence and customer satisfaction.
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