Crypto Platform Calypso Pay Teams with WatchData
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 press release Thursday (July 28), this solution allows customers to quickly set up Tron payments to tens of thousands of addresses while saving time and money on fees.
“When you regularly need to send money to thousands of addresses, bulk payments prove to be a more cost-effective solution,” Calypso Pay said in the release. “However, customers face several problems when making bulk payments themselves: they take up a lot of space in the note, can block the execution of other transactions at the address, and the transaction itself can be expensive unless you set it up correctly.”
Calypso Pay says it addresses these issues and offers bulk payments through smart contract, bulk payouts in one transaction (for BTC and Doge), along with an option to initiate bulk payouts by simply uploading a CSV file – all options come with low fees and significantly accelerate financial operations.
With bulk payments via Tron, customers can save up to 10 hours and avoid the risk of errors during transactions.
Read more: Ripple partners with FOMO Pay to improve financial management
In addition, the company says that the new offer increases savings as the number of recipients grows. For example, for 10 transactions the saving is 55%, while for 100 or more transactions the saving rises 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 cryptocurrency world, Singapore-based payment solutions provider FOMO Pay announced on Tuesday that it is partnering 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 affordable settlement without the need to have pre-funded capital in a destination market,” the companies said in a news release.
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