CoinsPaid In May 2022: What Has Been Done?

CoinsPaid
3 min readJun 10, 2022

In May, we implemented various new features on CoinsPaid. The period has been marked by the generation of new addresses for different currencies, new trading pairs, and base currency improvements. Learn more about the changes, functions, and enhancements made this month.

B2B Team Update

We have made several improvements for B2B end users. The significant part is around generating a separate address for different currencies and two-factor login access.

  • Generation of Separate Addresses for Different Currencies

Our efforts will see the generation of new addresses for different currencies in separate pools for CoinsPaid users. The pools are also replenished as soon as the addresses fall below the set limit. This ensures that merchants always have addresses to issue to their users. This change was necessary to eliminate a key blocker, thus ensuring that the high demand for addresses of a specific currency does not block getting addresses for other currencies.

  • 2 Factor Authentication Login

We have improved the usability of the login 2FA feature by placing focus on the first cell. Clicking on the 2FA form moves the cursor to the first cell, and the user can immediately input the 2FA. The new addition makes it easy to log into your account while ensuring maximum security.

  • Addition Of New Trading Pairs

We listened to the users’ needs, and traders will now have access to new trading pairs for the CP environment via Binance. In addition to the existing pairs (with the base currencies BTC, ETH, BNB, USDT, BUSD, etc) traders can now access the following additional trading pairs:

  • BUSD to BTC, USDTE, USDTT, ETH, BNB-BSC, BNB
  • BNB-BCS to BTC, ETH
  • BNB to ETH

B2C Web Team Update

We have also implemented a few changes concerning the KYC level and back-office operations.

  • Change of KYC from Back Office

We have ensured that the user of Back Office (BO), for instance, a support team member, can change the know your customer (KYC) level of the end-user upon obtaining the necessary permissions. The back-office user needs to create a quorum to change the KYC level (zero, limited, full), and the quorum requires approval by an authority with compliance permissions.

B2C Application Team Update

The changes and improvements done in these areas are mainly centered around base currency.

  • Base Currency Improvements

We have greatly improved the base currency functionality on CoinsPaid as previously planned. Our users can now view their balances and amounts in base currency in the following locations;

  • The total balance amount in the Wallet
  • Balance equivalents in Wallet
  • Transaction equivalents in Send
  • Transaction equivalents in the balance info screen
  • Transaction equivalents on the activity page
  • Transaction equivalents Transaction details
  • Limit amounts in KYC modal
  • Remaining KYC limits
  • Service limit in Service header
  • Service limits (manual and default)
  • Equivalents in Exchange
  • Fiat Currency Deactivation

Users will now be able to turn off fiat currencies when none is available. We have ensured that only crypto-related elements will display on the screen once the feature is turned off. However, the user will not be able to carry out any fiat transactions. This is important to ensure that no transactions are not completed swiftly due to the unavailability of fiat currencies.

Our Plans

Currently, we are planning on implementing a black theme for the desktop, which has already been tested and is set for release soon.

Join our community on Telegram and visit our site CoinsPaid to avoid missing out on any essential updates. Also, subscribe to the CoinsPaid Medium blog, where we share relevant updates regularly.

--

--

CoinsPaid

CoinsPaid is a crypto-financial ecosystem including a cryptocurrency wallet, payment processor, exchange with OTC desk, a hot wallet system for businesses