BNB Chain officially announced that it has cooperated with top wallets such as Bitget Wallet and Safepal, and exchanges including Binance, Bitget, Gate.io, HTX, and MEXC to provide users with a frictionless and gas fee-free trading experience.
How does BNB Chain achieve a zero-gas trading experience?
According to the official press release, the service is based on BNB Chain’s functional integration with MegaFuel, which allows DApps, wallets, and centralized exchanges to pay gas fees on behalf of users.
This move not only simplifies the interaction between users and Web3, but also allows novices and DeFi participants to use stablecoins conveniently without having to consider hidden costs.
It is worth noting that this service is also applicable to cross-chain bridge interactions such as Celer; as well as encrypted payment pipelines such as Alchemy Pay, Oobit, Lunu and MugglePay, greatly enhancing the convenience of stablecoin payments.
What are the benefits to BNB Chain of enhancing stablecoin application scenarios?
Stablecoins are crucial to the development of the DeFi ecosystem, mainly because they are a fixed-value medium of exchange. This advantage ensures that users can interact with DApps without being affected by cryptocurrency fluctuations.
Therefore, the DeFi integration of stablecoins in BNB Chain can significantly improve users’ confidence in the platform, allowing them to more efficiently participate in DeFi activities such as lending, pledging or exchange.
In addition, BNB Chain is not limited to one or two dominant players. The network has multiple stablecoins such as $USDT, $USDC and $FDUSD, and supports cross-platform DeFi activities. This kind of service diversity allows users to avoid dependence on a single asset, thereby reducing the risk of centralization.
BNB Chain moves towards commercial adoption!
Although DeFi has always been the main driving force for the adoption of stablecoins, users of BNB Chain can now make daily purchases through crypto payment operators such as Alchemy Pay, Oobit and Lunu, which will make BNB Chain more and more popular among retail and enterprise users. The more popular it is, the more popular it will be in its ecology and the continued expansion of its application scenarios.
The growing popularity of crypto payments
Recently, there has been news about the adoption of encrypted payments by Web2 companies, such as the fiat payment pipeline introduced by Sony testnet and Transak, the digital wallet launched by Chiliz in cooperation with South Korean payment giant NAVER Pay, and the functional integration of ENS and PayPal with Venmo. All provide enterprises and users with a more diverse and efficient payment system, while promoting the barrier-free connection between Web3 and traditional finance.
Now with the help of BNB Chain, this series of initiatives is expected to accelerate the large-scale adoption of blockchain technology.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
