Crypto processing platform Calypso Pay has launched Tron Mass Payouts in conjunction with WatchData, a platform that helps web3 developers interact with the blockchain.
According to a Thursday (July 28) news release, this solution lets customers quickly set up Tron payouts to tens of thousands of addresses while saving time and money on fees.
“When you regularly have to send money to thousands of addresses, mass payouts turn out to be a more cost-effective solution,” Calypso Pay said in the release. “Yet customers face multiple problems when creating mass payouts by themselves: they take up a lot of space in the memo, can block execution of other transactions on the address, and the transaction itself might be expensive unless you set it up in the right way.”
Calypso Pay says it takes care of these problems and offers mass payments through smart-contract, mass payouts in one transaction (for BTC and Doge), along with an option to launch mass payouts by just uploading a CSV file — all options come with low fees and significantly speed up the financial operations.
With mass payouts via Tron, customers can save up to 10 hours and avoid the risk of making an error during transactions.
Read more: Ripple Partners With FOMO Pay to Improve Treasury Management
In addition, the company says the new offering increases savings as the number of recipients grows. For example, for 10 transactions, the savings is 55%, while for 100 or more transactions, savings rise to 99%.
Calypso Pay says it plans to increase functionality for Tron in its platform, adding the ability to group addresses into one invoice, along with support for algorithmic stablecoin USDD.
In other recent partnerships from the world of cryptocurrency, Singapore-based payment solution provider FOMO Pay announced Tuesday it was working with Ripple to use the company’s cryptocurrency-powered technology to improve cross-border treasury flows.
“On-Demand Liquidity (ODL) leverages XRP, the digital asset built for payments as a bridge between two fiat currencies, enabling instant and low-cost settlement without the need to hold pre-funded capital in a destination market,” the companies said in a news release.
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