We are pleased to announce the release of B2BinPay v17, a significant update designed to enhance your cryptocurrency payment experience. As a trusted platform in the industry, B2BinPay has been facilitating global crypto transactions for both merchants and enterprises. Known for its ease of integration, B2BinPay allows businesses to engage with the growing cryptocurrency market seamlessly.
This new version builds on our existing capabilities and introduces a variety of features, improvements, and fixes to meet the diverse needs of our merchant and enterprise clients. Let’s learn more about the update.
New Settlement Options in EUROC and TUSD
In a market characterised by volatility, stablecoins offer a measure of predictability and security. Prior to v17, B2BinPay provided merchant clients with settlements in five key currencies: BTC, USDT, USDC, USD and EUR.
Recognising the need for more diverse and stable transaction options, the v17 update has broadened this scope by adding TrueUSD and Euro Coin to our Merchant Wallets. Merchants now have a wider array of payment options, with 14 coins, 14 stablecoins, and 25 tokens that can be automatically settled into these seven currencies. The new additions are compatible with multiple token standards, specifically ERC20, BEP20, and TRC20, offering merchants increased flexibility in managing payments and settlements for their clients.
The introduction of Euro Coin is especially exciting for us. EUROC is a Euro-backed stablecoin issued by Circle, the company behind USDC (market cap exceeding $25B), the second largest stablecoin after USDT. Being among the top 18 stablecoins, EUROC is particularly useful for companies operating in the Eurozone.
Expanded Currency Support for Enterprise Clients
The B2BinPay Enterprise blockchain wallet solution is a comprehensive ecosystem for corporate institutions, which is tailored for businesses that prefer to work exclusively with cryptocurrencies and maintain their holdings in the same cryptocurrency they receive.
Building on this strong foundation, our v17 update significantly expands token support for enterprise clients, offering 14 stablecoins and 113 new tokens across 14 different blockchain networks, including Ethereum, TRON, Binance Smart Chain and others.
Updated Price Model
Version 17 update also comes with a renewed and more competitive price module for our users.
For merchants, the setup cost is now $500, and we’ve reduced the commission fees from 0.5% to 0.4%. Additionally, we’ve introduced new commission tiers that go as low as 0.25%, offering more cost-effective solutions for higher transaction volumes.
For Enterprise blockchain wallets, the setup fee has been lowered from $1500 to $1000. This fee now also covers activating smart contracts for Ethereum, Binance Smart Chain, and TRON, as well as wallets for Ripple, Stellar, and Binance Coin. Essentially, the setup cost is all-inclusive, with no hidden activation charges. On top of that, we’ve introduced new commission tiers starting at 0.4% and going to as low as 0.05%, making our enterprise offerings even more competitive.
User Interface and Experience Enhancements
The Rates Tab now includes new filtering options based on currency types, an alphabetical search function, and a favourites section. These changes aim to streamline your navigation and decision-making processes. We’ve also introduced detailed onboarding notes offering guided tours and explanations, making it easier for new and experienced users to navigate our platform.
Additionally, payout fees can now be displayed in your default currency, and you have the option to enter custom fee amounts, increasing transparency around transaction costs.
Usability Improvements and Functional Updates
We’ve made several updates to improve the platform’s usability and functionality. These include enhancements to dropdown menus, such as adding grouping by currency type and active state, as well as search functionalities. We’ve also removed the 7-day expiration limit on merchant invoices and added an email notification feature for reports. For those looking to manage their wallets more efficiently, a new “Delete Wallet” button allows for the removal of wallets with zero balance and no deposits.
Enterprise users can now sort wallet tables by ID and currency. Additionally, we’ve updated QR code generation to include token icons as a new layer above the QR code, and each IP in the IP-whitelist can now be added or removed individually, with password confirmation appearing in a modal window.
Customer Support and Consistency Across Devices
A real-time notification system has been added to our Helpdesk, complete with an “unread counter” that displays the count of tickets with new messages. This ensures that you are promptly notified of new messages in your support tickets.
B2BinPay v17 is a well-rounded update that aims to enhance the user experience for both individual and enterprise users. The platform is already in the development stages for Versions 18 and 19, which promise to bring further improvements and additional features to continue meeting the evolving needs of our diverse user base.
Strengthening our commitment to innovation, we’ve recently joined forces with Ledger to introduce limited-edition, custom-branded Ledger Nano X wallets for our loyal and newly onboarded customers. Additionally, B2BinPay is an official sponsor of the Athletic Club for the 2023/2024 La Liga season, enhancing our exposure and raising awareness of crypto payment solutions.
These collaborations, together with the launch of v17, are a testament to our tireless dedication to excellence and customer satisfaction. We value your continued support and look forward to your feedback on this new release.