The Good Tech Companies - BNB Chain Announces Gasless Stablecoin Transactions for Everyday Use

Episode Date: September 18, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bnb-chain-announces-gasless-stablecoin-transactions-for-everyday-use. BNB Chain introduces gasless stablecoin payments, collaborating with top exchanges and wallets for zero-fee USDT, USDC, and FDUSD transactions. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #bnbchain, #bnbchain-ecosystem, #press-release, #stablecoin, #stablecoin-infrastructure, #blockchain, #blockchain-ecosystem, #good-company, and more. This story was written by: @bnbchainecosystem. Learn more about this writer by checking @bnbchainecosystem's about page, and for more stories, please visit hackernoon.com. BNB Chain has announced new developments as part of a strategic focus to become the core infrastructure for stablecoin payments and digital financial transactions. The move is part of BNB Chain's broader mission to bridge the gap between Web2 and Web3, making cryptocurrency as practical for everyday transactions as traditional money.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. BNB Chain announces gasless stablecoin transactions for everyday use. By BNB Chain. September 18, 2024 BNB Chain, the community-driven blockchain ecosystem that includes the world's largest smart contract blockchain, has announced new developments as part of a strategic focus to become the core infrastructure for stable coin payments and digital financial transactions. This move is part of BNB Chain's broader mission to bridge the gap between Web2 and Web3, making cryptocurrency as practical for everyday transactions as traditional money, Andre enforcing its commitment to onboarding

the next billion Web3 users. BNB Chain aims to make stablecoin payments faster, cheaper, and more accessible for users by focusing on gasless transactions across centralized exchanges, CEXs, wallets, and bridges. By partnering with leading payment providers, gas-free transfers for USDT, USDC, and FDUSD will be supported. BNB Chain invites wallet providers, payment gateways, and merchants to contribute to the future of the stablecoin infrastructure here. Key Developments 1. Gasless Transfers on CEXs BNB Chain will collaborate with centralized exchanges to ensure users can take full advantage of fee-free transfers, maximizing their savings on every transaction such as Binance, BitGit,

Gate.io, HTX, and MEXC. Additionally, MegaFuel, an innovative global gasless solution developed by NodeReal and sponsored by BNB Chain, will cover gas fees for users across CEXs, wallets, and decentralized applications. 2. Enhanced wallet support. BNB Chain is partnering with top wallet providers including BitGit Wallet and SafePal with Binance Web3 Wallet and Trust Wallet coming soon, to facilitate seamless, low-fee stablecoin transactions for users. 3.

Free and easy cross-chain transfers. BNB Chain is enhancing liquidity and interoperability through collaborations with leading bridge providers like Seller. This will enable zero-fee transfers and superior liquidity, simplifying the movement of assets across different blockchains. 4. Real-life payment integration. In a bid to integrate cryptocurrency into everyday transactions, BNB Chain is working with payment gateways such as Alchemy Pay, Ubit, Lunu, Muggle Pay, and Now Payment. These collaborations will facilitate real-life payments, allowing users to make everyday purchases, like buying a coffee, with stablecoins, making cryptocurrency transactions more practical

and affordable. The payment gateway can be accessed here. BNB Chain is committed to accelerating the adoption of stablecoin payments, tokenizing real-world assets, and making cryptocurrency as accessible and practical as traditional money in pursuit of its mission of onboarding the next billion Web3 users. As part of the enhancement of its stablecoin infrastructure, BNB Chain is launching the Gasless Carnival season from September 19, 2024. This campaign will offer zero withdrawal fees on stablecoins from participating CEXs to BSC and OPBNB, covers gas fees for transfers via

participating wallets, and sponsors gas-free cross-chain transfers via participating bridges. More details will be released soon. For more information, visit here. About BNB CHAIN BNB chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of BNB Smart Chain, BSC, a secure DeFi hub with the lowest gas fees of any EVM-compatible L1. Serves as the ecosystem's governance chain. OPBNB. A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield. Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. Setting a high bar for security, the Avenger DAO community protects BNB chain users while Red Alarm provides a real-time risk scanner for dApps.

The ecosystem also offers a range of monetary and ecosystem rewards as part of its builder support program. For more, follow BNB Chain on X or start exploring via our dApp library. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.