BenPay Launches the World's First On-Chain Red Packet, Ushering in a New Era of Global Multi-Currency Payments
BenPay has announced the launch of the world's first on-chain red packet feature, offering global users a revolutionary way to engage in decentralized payments and social interactions.
As a core ecosystem product of the BenFen blockchain, incubated by the Bixin Group, BenPay is a super App that integrates deposit and withdrawal, exchange, staking and lending, offline spending, and on-chain red packet transfers.
With BenPay's on-chain red packet feature, users can send red packets in multiple stablecoins such as BUSD (USD) and BINR (Indian Rupee), as well as localized stablecoins like BJPY (Japanese Yen), BKRW (Korean Won), BTWD (Taiwan Dollar), BTHB (Thai Baht), and BMYR (Malaysian Ringgit), catering to countries in Asia that celebrate traditional New Year customs. Together, we celebrate the 2025 Year of the Snake!
Additionally, BenPay's on-chain red packets offer various interactive options, including standard red packets (with customizable passwords) and lucky draw red packets. This feature enriches payment scenarios while simplifying cross-border payments and asset distribution.
The design of the on-chain red packet feature is highly innovative. Users can top up with USDC, automatically mint BUSD (BenFen's 1:1 USD-pegged stablecoin), and freely exchange it for multiple global stablecoins, greatly enhancing the versatility of multi-currency red packets.
Moreover, BenPay supports multi-chain asset transfers, compatible with mainstream blockchains such as ETH, BSC, and Polygon, truly enabling seamless and efficient cross-chain payments. Users do not need to pay any on-chain gas fees when claiming red packets, embodying a truly user-friendly product design.
BenPay's on-chain red packets are not only a functional innovation but also a groundbreaking attempt at Web3 application scenarios. In the future, on-chain red packets are expected to become an essential tool for personal users in daily payments and social interactions, as well as an efficient marketing tool for businesses. Through various red packet features, BenPay connects users and businesses in an ecosystem where fun and value coexist.
Product Highlights:
On-Chain Transactions, Secure and Transparent: Built on the BenFen blockchain, BenPay ensures that red packet funds are fully on-chain, guaranteeing secure and traceable transactions.
Global Multi-Currency Stablecoins, Ready to Send: Top up with USDC, exchange, and send red packets in multiple stablecoins worldwide, with no geographical restrictions.
Simple Login, Easy to Use: Supports zkLogin, allowing users to log in directly with Google or Apple accounts without the need for cumbersome mnemonic phrases.
Rich Features, Flexible Customization: Supports standard red packets, password-protected red packets, and lucky draw red packets, adding fun to festive interactions!
Business Operations, Marketing Tool: Customizable passwords and greetings provide more possibilities for brand collaborations and user engagement!
The launch of BenPay's on-chain red packets not only showcases the technical potential of the BenFen blockchain in stablecoin applications but also provides users with more life-related digital asset application scenarios. This marks another innovative integration of blockchain technology with daily financial services, opening a new chapter in on-chain red packet experiences.
Whether for friend gatherings, brand marketing, or community events, BenPay's on-chain red packets will become the ultimate interactive tool of the digital era! Join the BenFen ecosystem today, download BenPay, and experience the charm of on-chain red packets firsthand!
In the future, BenPay will continue to expand its features, optimize user experience, and deepen its integration with the BenFen blockchain, further enhancing a diversified blockchain payment ecosystem. With on-chain red packets as a foundation, BenPay connects global users and injects infinite possibilities into the Web3 ecosystem. We will also gradually promote the widespread adoption of core modules such as crypto payment cards, merchant services, and lending and staking, injecting new vitality into the popularization of decentralized payments.
BenPay: Beyond Payments, the Key to the Future of On-Chain Finance and User Experience.
What is BenPay?
BenPay is a one-stop payment solution built on the BenFen public blockchain. As a key part of the blockchain's core ecosystem, BenPay is committed to providing decentralized payment and asset management services for individuals and businesses.
Core Functional Modules:
Card (Crypto Payment Card): Supports global mainstream payment channels such as WeChat Pay, Apple Pay, Google Pay, and Amazon. Users can top up with USDC and spend seamlessly, bridging the gap between the real world and Web3. Designed for global payments, it connects on-chain assets with offline spending scenarios. For details, visit the Payment Card Official Website.
DEX (Decentralized Exchange): Supports efficient trading and liquidity provision for multi-currency stablecoins, providing users with a secure and transparent asset trading platform.
P2P (Peer-to-Peer Payments): Based on on-chain smart contract technology, it offers secure and efficient peer-to-peer transaction experiences.
On-Chain Red Packets: Multi-currency red packet features that combine fun and practicality, serving as an innovative tool for personal social interactions and business marketing.
zkLogin Wallet: Utilizes zero-knowledge proof technology to provide users with safer identity login, verification, and asset management.
Merchant Services: Offers global merchants a one-stop solution for settlement and order management, helping them meet diverse payment and settlement needs across different business scenarios.
Through these features, BenPay will elevate the on-chain payment experience to a new level, and together with the BenFen blockchain, will lay the cornerstone of a decentralized financial ecosystem.
BenFen: The World's First Multi-Currency Stablecoin Blockchain, Backed by Bixin Ventures
As a significant player in the blockchain space, Bixin Ventures, a globally renowned blockchain investment firm, has invested in BenFen, demonstrating high recognition of its technological and ecosystem potential while providing crucial support for its global development.
BenFen's ultimate goal is to become the infrastructure for global digital finance, offering secure, transparent, and convenient services to users and developers through its multi-currency stablecoin mechanism and efficient blockchain architecture.
BenFen is the underlying blockchain supporting BenPay and the world's first multi-currency stablecoin application blockchain. Its design not only meets user demands for high performance and low costs but also provides multi-chain compatibility and global stablecoin support, such as BUSD (USD), BJPY (Japanese Yen), and BINR (Indian Rupee). These stablecoins enable users to achieve efficient and diversified cross-border payments and asset management. From stablecoin mechanisms and high-performance architecture to innovative payment models, BenFen delivers comprehensive and efficient blockchain services.
Multi-Currency Global-Collateralized Stablecoins
BenFen issues multi-currency stablecoins by globally collateralizing over 50% of BFC (BenFen's native token), supporting stablecoins like BUSD, BJPY, and others pegged to currencies such as the Ruble. This mechanism ensures the stablecoins' value parity with BFC and guarantees price stability and effective distribution through dynamic liquidity management and price guidance mechanisms.
High Performance and Low Costs
Built on the Move programming language, BenFen achieves sub-second latency and tens of thousands of transactions per second, significantly reducing transaction costs (approximately 0.00022-0.01 BFC per transaction, equivalent to minimal fiat costs). Additionally, BenFen innovatively introduces zkLogin technology, allowing users to quickly generate addresses and complete transaction signing through one-click third-party authorization (e.g., Google or Apple accounts). This enhances payment efficiency while ensuring privacy and security, making login more convenient and strengthening on-chain interaction protection.
Gas Fee Payment and Staking
BenFen natively supports stablecoin applications in staking and Gas fee payments. Users can directly pay on-chain transaction fees with stablecoins, eliminating the need for native tokens and providing a more convenient user experience.
Built-In Decentralized Exchange (DEX)
BenPay DEX is the core trading platform of the blockchain and a crucial prerequisite for the stability mechanism of BenFen's stablecoins. It features built-in price oracles and an automated market maker (AMM) model, employing concentrated liquidity management and price smoothing mechanisms to ensure trading stability and fairness. The built-in Oracle system provides users with efficient and secure trading services.
Decentralized Financial Ecosystem
BenFen has built a diversified financial services ecosystem, including cross-chain assets, BenPay Card, and P2P payments, connecting on-chain and off-chain value to form a closed-loop financial system.
DAO Governance
Through decentralized governance, BenFen empowers every user to participate in on-chain decision-making, ensuring transparency and fairness within the ecosystem.