What Is Account Merge in Blockchain Platform B2BinPay v18?

PUBLISHED: 16 Nov 2023 @ 13:12 | Comments (0) |

Blockchain platform for crypto processing and exchange B2BinPay continues its trajectory of innovation with the launch of its v18 release, building on the success of the previous v17 update. This latest version is now available to users, introducing several key enhancements.

Version 18 of B2BinPay integrates a unified account system, merging Merchant and Enterprise models. This integration simplifies the management of cryptocurrency transactions. The update also features a redesigned interface and improved adherence to regulatory standards, boosting both the user experience and security.

Let’s examine the key updates in this version and their benefits for B2BinPay users.

Introduction to Account Unification

B2BinPay’s v18 release marks a significant shift for its clients with the introduction of a unified account system, termed the Merge. This integration signifies a new direction in service delivery. Below are the benefits of this integration for B2BinPay users.

Simplified Account Structure

B2BinPay has restructured its account system, removing the division between Merchant and Enterprise users. A single account now offers access to the functionalities of both wallet types. This simplification streamlines the registration process, enabling clients to quickly engage with B2BinPay’s services and concentrate on their business.

Enhanced Client Onboarding and Operation

The process for client onboarding has been streamlined into a single, efficient step with a consistent fee structure. Clients can now easily select and switch between wallet services as their business needs change without additional costs or long administrative processes.

New Front-End and Increased Functionality

The v18 update introduces a refreshed aesthetic for B2BinPay, in line with the B2Broker group‘s design. This update goes beyond visual appeal, enhancing system speed and security for a strong and reliable front end. Key areas have received extensive updates.

Wallets & Transfers

The wallets and transfers pages have been redesigned for cleaner aesthetics and more efficient functionality, reducing clicks and loading times. The interfaces for payouts, bank withdrawals, and exchanges are now more streamlined, enhancing time efficiency for users.

New Account Menu

The account management interface in B2BinPay has been overhauled for improved usability and security. Adjusting settings, managing API permissions, and personalising profiles are now more intuitive with the new Account Menu. Enhanced security is provided through two-factor authentication (2FA), and the Payment Page has been redesigned for safer transactions.

Better Invoice Management

B2BinPay has lifted the previous 7-day limit on merchant invoice expiration, introducing customisable invoice durations. This flexibility is designed to accommodate various business processes.

Intuitive Helpdesk Experience

The Helpdesk has also seen significant improvements, providing easier access to multilingual support. New sticker notifications for incoming messages simplify staying informed and responsive.

Rates Interface Improvements

The Rates UX now includes improved favourites and filtering features. Rates have been relocated from the wallets menu to a top-level menu for more accessible management and improved efficiency.

FATF Travel Rule Compliance

B2BinPay maintains a strong commitment to regulatory compliance and transparency. In alignment with this, B2BinPay has collaborated with Notabene, a new Travel Rule solution provider, to meet the Financial Action Task Force Travel Rule requirements.

The FATF Travel Rule requires collecting and sharing personal information in cryptocurrency transactions to prevent illegal activities. As a VASP, B2BinPay ensures the transmission of essential information

about fund transfer originators and beneficiaries, aiding in preventing fraud and identifying suspicious activities.

Final Notes

Recognised as a leading cryptocurrency payment processing platform, B2BinPay is committed to providing advanced, secure, and user-friendly solutions for seamless global crypto transactions. The primary aim is to facilitate efficient and secure cryptocurrency management for customers while reducing operational costs. The release of Version 18 is a testament to this commitment, demonstrating B2BinPay’s dedication to improving customer experience and operational effectiveness.

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