BenPay launches the world’s first on-chain red envelope, empowering a new era of global multi-currency payments

BenPay announced the launch of the world's first on-chain red envelope function, bringing a new decentralized payment and social interaction method to global users.

BenPay is the core ecological product of the BenFen public chain incubated by Bixin Group. It is a super application that integrates deposits and withdrawals, exchanges, pledged loans, offline consumption, and on-chain red envelope transfers.

Through the red envelope function on the BenPay chain, users can send multi-currency stablecoin red envelopes such as BUSD (US dollar), BINR (Indian rupee), etc., and can also use BJPY ( Japanese yen ) , BKRW ( South Korean won ) , BSGD ( new currency ) , BTWD ( Taiwan Dollar ) , BTHB ( Thai Baht ) , BMYR ( Malaysian Currency ) and other localized stablecoins that support many Asian countries that celebrate traditional New Year customs will issue red envelopes to celebrate 2025 together. Spring Festival of the Year of the Snake.

In addition, you can freely choose a variety of ways to play red envelopes on the BenPay chain, including ordinary red envelopes (including custom passwords) and lucky red envelopes. This feature further enriches users’ payment scenarios while also reducing the complexity of cross-border payments and asset distribution.

The design of the red envelope function on the chain is extremely innovative. When users choose a currency, they can recharge through USDC, automatically mint BUSD (BenFen has a built-in 1:1 anchored USD stablecoin), and then freely exchange for global multi-currency stablecoins at will. Greatly enriches the multi-currency red envelope gameplay.

At the same time, BenPay supports multi-chain asset transfer and is compatible with mainstream blockchains such as ETH, BSC and Polygon, truly realizing the freedom and efficiency of cross-chain payments. Users do not need to pay any on-chain gas fees when grabbing red envelopes , achieving a truly user-friendly product design.

BenPay's on-chain red envelope is not only a functional innovation, but also a brand new attempt in Web3 scenario application. In the future, on-chain red envelopes are expected to become an important tool for individual users in daily payments and social interactions, while also providing an efficient marketing tool for enterprises. Through a variety of red envelope gameplay, BenPay connects users and businesses in an ecosystem where fun and value coexist.

Product Highlights :

Sending on the chain, safe and transparent : Based on the BenFen public chain, BenPay red envelope funds flow on the chain throughout the entire process, ensuring safe and traceable transactions;

Global multi-currency stablecoins, sent at any time : After recharging USDC and converting, a global multi-currency stablecoin red envelope will be issued, without geographical restrictions;

Simple login, universal and easy to use : supports user zkLogin login, optional Google/Apple account direct login, no need for complicated mnemonics;

Rich gameplay and flexible customization : supports multiple modes such as ordinary red envelopes, password red envelopes, lucky red envelopes, etc., adding fun to holiday interactions!

Business operations and marketing tools : Support custom passwords and blessings, providing more possibilities for brand co-branding activities and user fission!

The launch of red envelopes on the BenPay chain not only demonstrates the technical potential of the BenFen public chain in the field of stable currency applications, but also provides users with digital asset application scenarios that are closer to life. This marks another innovative integration of blockchain technology and daily financial services , opening a new chapter for on-chain red envelope gameplay.

Whether it is a gathering of friends, brand marketing, or community activities, BenPay on-chain red envelopes will become an interactive artifact in the digital age! Welcome to join the BenFen ecosystem, download BenPay immediately, and be the first to experience the charm of red envelopes on the chain!

📌 Official website: https://www.benpay.org/

Download BenPay: https://www.benpay.org/download

In the future, BenPay will continue to expand functions, optimize user experience, deeply integrate with the BenFen public chain, and further improve the diversified blockchain payment ecosystem. On the basis of on-chain red envelopes, BenPay uses red envelopes to connect global users and inject unlimited possibilities into the Web3 ecosystem. In the future, we will gradually promote the widespread application of core modules such as encrypted payment cards, merchant services, lending and mortgages, and inject new vitality into the popularization of decentralized payments.

BenPay is more than just payment, it is the key to the future of on-chain finance and user experience.

What is BenPay ?

BenPay is a one-stop payment solution based on the BenFen public chain. As a key part of the core ecosystem of the public chain, BenPay is committed to providing decentralized payment, asset management and other services to individuals and enterprises.

Core functional modules:

• Card (encrypted payment card) : Supports global mainstream payment channels, such as WechatPay, ApplePay, GooglePay, Amazon, etc. Users can use USDC to recharge and consume, seamlessly connecting reality and the Web3 world, designed for global payment, linking on-chain assets and offline consumption scenarios. Please see the official payment card website for details.
• DEX (Decentralized Exchange) : Supports efficient trading and liquidity provision of multi-currency stablecoins, creating a safe and transparent asset trading platform for users.
• P2P (Peer-to-Peer Payment) : Based on on-chain smart contract technology, it provides a safe and efficient peer-to-peer transaction experience.
• On-chain red envelopes : multi-currency red envelope gameplay, which is both interesting and practical. It is an innovative tool for personal social networking and corporate marketing.
• zkLogin wallet : uses zero-knowledge proof technology to provide users with more secure identity login, verification and asset management.
• Merchant services: Provide global merchants with one-stop merchant settlement and order management services to help them complete diversified collection and settlement needs in different business scenarios.

Through these functions, BenPay takes the on-chain payment experience to a new level, and together with the BenFen public chain, builds the core cornerstone of the decentralized financial ecosystem.

BenFen : The world’s first multi-currency stablecoin public chain invested by Bixin Ventures

As an important participant in the blockchain field, the investment in BenFen by Bixin Ventures, a world-renowned blockchain primary investment institution, not only demonstrates its high recognition of its technology and ecological potential, but also provides important support for its global development.

BenFen's ultimate goal is to become the infrastructure of global digital finance, providing users and developers with safe, transparent, and convenient services through a multi-currency stablecoin mechanism and an efficient blockchain architecture.

BenFen is the underlying public chain that supports BenPay and is also the world 's first multi-currency stablecoin application public chain.

Its design not only meets users' needs for high performance and low cost, but also provides multi-chain compatibility and global stablecoin support, such as BUSD (USD), BJPY (Japanese Yen) and BINR (Rupee) stablecoins. These stablecoins can help users achieve efficiency and diversification in cross-border payments and asset management. Starting from the aspects of stable currency mechanism, high-performance architecture, innovative payment model, etc., BenFen provides users with comprehensive and efficient blockchain services.

• Multi-currency global mortgage stablecoin

BenFen issues multi-currency stablecoins through BFC (BenFen chain native token) with more than 50% global mortgage, supporting stablecoins such as BUSD, BJPY and pegged rubles. This mechanism ensures the equivalent exchange of stablecoins and BFC at any time. At the same time, through dynamic liquidity management, price guidance mechanism and other technologies, it ensures the price stability and effective distribution of stablecoins.

• High performance and low cost

Based on the Move programming language, BenFen achieves sub-second latency and high throughput of tens of thousands of transactions per second, while significantly reducing transaction costs (specifically to about 0.00022-0.01 BFC per transaction, converted into legal currency value, the cost is extremely low ). In addition, BenFen innovatively introduces zkLogin technology, which allows users to quickly generate addresses and complete transaction signing through one-click third-party authorization (such as Google or Apple accounts), greatly improving payment efficiency while taking into account privacy and security. This not only makes login more convenient, but also further enhances the privacy protection and security of on-chain interactions.

• Gas payment and pledge

BenFen natively supports the application of stablecoins in staking and gas payments. Users can directly use stablecoins to pay on-chain transaction fees, eliminating dependence on native tokens and providing users with a more convenient experience.

• Built-in decentralized exchange ( DEX )

BenPay DEX is the core trading platform of the public chain and an important prerequisite for the existence of the BenFen stablecoin stability mechanism. It has built-in price oracles and automatic market maker models, and uses centralized liquidity management and price smoothing mechanisms to ensure transaction stability and fairness. At the same time, the built-in Oracle system provides users with efficient and secure trading services.

• Decentralized financial ecosystem

BenFen has built a diversified financial service ecosystem including cross-chain assets, BenPay Card, P2P payment, etc., connecting on-chain and off-chain values ​​to form a closed-loop financial system.

• DAO governance

Through decentralized governance, BenFen gives each user the right to participate in on-chain decision-making, ensuring ecological transparency and fairness.