dtcpay has teamed up with BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain by daily transactions to accelerate the real-world utility of stablecoins.
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This collaboration marks an important step in making Web3 payments more accessible, cost-effective, and seamless for both businesses and consumers.
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Through this integration, dtcpay will enable businesses and merchants to accept payments via the BNB Chain network, opening up new opportunities for users to pay with stablecoins like USDT and USDC on BNB Smart Chain (BSC) and opBNB. Additionally, dtcpay is focused on reducing transaction costs by providing lower gas fees for users compared to other blockchain networks. By integrating BNB Chain as a payment network on dtcpay’s payment platform, the collaboration will increase the feasibility of businesses and merchants accepting stablecoin payments in the real world, helping bridge the gap between traditional finance and Web3 technologies.
The collaboration between dtcpay and BNB Chain marks a game-changing development for both the blockchain and payments industries. BNB Chain has become one of the most widely adopted blockchain networks due to its scalability, speed, and low transaction fees, making it a perfect fit for businesses looking to integrate stablecoin payments without the hurdles of high gas fees or slow transaction times. By including BNB Chain as a payment network, dtcpay provides merchants and customers with a more efficient and cost-effective way to process stablecoin payments, opening up a new world of possibilities for businesses to access a broader, global customer base.
BNB Chain will be able to tap into dtcpay’s merchant ecosystem which includes a wide range of retailers, such as Capella Hotel Group, and over 35,000 locations in Singapore via the NETS SGQR+ unified QR code system.
“With dtcpay’s payment solutions, businesses can now seamlessly send and accept payments in stablecoins like USDT and USDC not only on Ethereum, Tron or Polygon, but on BNB Chain, allowing for easy off-ramping and conversion of stablecoins to fiat currencies. By integrating BNB Chain in our payment solutions, dtcpay empowers businesses to accept stablecoin payments without the complications that traditionally come with dealing in digital assets.” — Andy Sze Toh, Head of Payments, dtcpay
Sarah S, Head of Business Development at BNB Chain, said: “We are thrilled to collaborate with dtcpay to simplify and expand the use of stablecoins, integrating crypto into daily life and advancing BNB Chain’s goal of driving widespread Web3 adoption.”
One of the primary benefits of the BNB Chain integration is the significant reduction in gas fees. Gas fees, which are required to process transactions on most blockchain networks, can often be a barrier to the widespread adoption of cryptocurrencies in everyday business operations. However, BNB Chain is known for its low transaction fees (typically averaging $0.001 on opBNB and $0.03 on BSC per transaction), which makes it an appealing option for both users and businesses looking to engage in efficient stablecoin payments without incurring prohibitive cost.
For businesses, this means more accessible payment options that don’t eat into margins with expensive network fees. For consumers, it translates into a smoother experience when making purchases with stablecoins, especially for smaller transactions, where high gas fees on other blockchains might have otherwise been a deterrent. By reducing these fees, dtcpay makes it easier for businesses to adopt stablecoins as a form of payment without the complexities or financial burden that can arise from other networks.
As a pioneering provider of blockchain payment solutions, dtcpay has long supported various popular blockchain networks like Ethereum, Tron, and Polygon. By enabling payments in stablecoins such as USDT, USDC, FDUSD, and WUSD, dtcpay offers businesses more flexibility and consumers a seamless experience. Adding BNB Chain further expands our diverse payments infrastructure, reinforcing our mission to bridge traditional finance with Web3 technology.
The collaboration between dtcpay and BNB Chain aligns with the broader vision of both companies to foster greater adoption of blockchain technology and stablecoins in real-world applications. dtcpay aims to break down the barriers between traditional financial services and Web3 finance, making it easier for businesses to integrate stablecoin payments into their operations. This collaboration with BNB Chain accelerates that mission by offering a faster, more affordable way for businesses and users to interact with blockchain technology.
The ability to pay via BNB Chain represents another step forward in expanding the real-world use cases for stablecoins. From small businesses to large enterprises, the integration of BNB Chain into dtcpay’s payment ecosystem gives companies the flexibility to choose the blockchain network that best fits their needs. Whether it’s reducing transaction costs or tapping into the global potential of blockchain technology, this collaboration offers a future-proof solution that pushes the boundaries of what’s possible with stablecoin payments.
Beyond a technical upgrade, this integration represents a significant leap forward in the real-world utility of stablecoins. By embracing BNB Chain, dtcpay helps to further legitimize stablecoins as a mainstream payment method and supports businesses in adopting blockchain technologies with ease.
As global awareness and adoption of blockchain technologies continue to rise, this collaboration places dtcpay and BNB Chain at the forefront of enabling global payment connectivity, demonstrating that digital assets can be accessible, practical, and usable in everyday commerce.
About dtcpay
dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA). As a leading provider of digital payment solutions, we pioneer the integration of stablecoin acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.
