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

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

BenPay is a core ecological product of the BenFen public chain incubated by the Bixin Group, and it is a super application that integrates deposit and withdrawal, exchange, staking and lending, offline consumption, and on-chain red envelope transfers.

With the BenPay on-chain red envelope feature, users can send red envelopes in various stablecoins such as BUSD (US Dollar), BINR (Indian Rupee), and can also use BJPY( Japanese Yen ) , BKRW( Korean Won ) , BSGD( Singapore Dollar ) , BTWD( New Taiwan Dollar ) , BTHB( Thai Baht ) , BMYR( Malaysian Ringgit ) and other localized stablecoins supporting countries with various traditional New Year customs in Asia to celebrate the 2025 Year of the Snake Spring Festival together.

In addition, the BenPay on-chain red envelope allows users to choose from various gameplay options, including regular red envelopes (with customizable passwords) and luck-based red envelopes. This feature further enriches users' payment scenarios while reducing the complexity of cross-border payments and asset distribution.

The design of the on-chain red envelope feature is highly innovative. When selecting the currency, users can recharge through USDC, automatically mint BUSD (BenFen's built-in 1:1 pegged US Dollar stablecoin), and freely exchange for various global stablecoins, greatly enriching the gameplay of multi-currency red envelopes.

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

The BenPay on-chain red envelope is not only a functional innovation but also a new attempt at Web3 scenario applications. 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 businesses with an efficient marketing tool. Through various red envelope gameplay options, BenPay connects users and businesses in an ecosystem where fun and value coexist.

Product Highlights:

On-chain sending, secure and transparent: Based on the BenFen public chain, BenPay red envelope funds circulate entirely on-chain, ensuring transaction security and traceability;

Global multi-currency stablecoins, send anytime: Recharge USDC and exchange to issue global multi-currency stablecoin red envelopes, with no geographical restrictions;

Simple login, universally easy to use: Supports user zkLogin, allowing direct login with Google/Apple accounts without cumbersome mnemonic phrases;

Rich gameplay, flexible customization: Supports various modes such as regular red envelopes, password red envelopes, and luck-based red envelopes, adding fun to holiday interactions!

Business operations, marketing tools: Supports customizable passwords and blessings, providing more possibilities for brand co-branding activities and user referrals!

The launch of BenPay on-chain red envelopes not only showcases the technological potential of the BenFen public chain in the stablecoin application field but also provides users with a more life-oriented digital asset application scenario. This marks another innovative integration of blockchain technology and daily financial services, opening a new chapter for on-chain red envelope gameplay.

Whether for friend gatherings, brand marketing, or community activities, BenPay on-chain red envelopes will become the interactive artifact of the digital age! Welcome to join the BenFen ecosystem, download BenPay now, and experience the charm of on-chain red envelopes first!

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

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

In the future, BenPay will continue to expand its features, optimize user experience, and deeply integrate with the BenFen public chain, further improving the diversified blockchain payment ecosystem. Based on on-chain red envelopes, BenPay connects global users with red envelopes, injecting infinite possibilities into the Web3 ecosystem. It will also gradually promote the widespread application of core modules such as crypto payment cards, merchant services, and lending collateral, injecting new vitality into the popularization of decentralized payments.

BenPay, beyond payment, is 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 chain. As a key part of the core ecosystem of the public chain, BenPay is dedicated to providing decentralized payment, asset management, and other services for individuals and businesses.

Core Functional Modules:

• Card (Crypto Payment Card): Supports global mainstream payment channels such as WechatPay, ApplePay, GooglePay, Amazon, etc. Users can recharge and spend using USDC, seamlessly connecting the real world with the Web3 world, designed for global payments, linking on-chain assets with offline consumption scenarios. For details, please see the Payment Card Official Website.
• DEX (Decentralized Exchange): Supports efficient trading and liquidity provision of multi-currency stablecoins, creating a secure and transparent asset trading platform for users.
• P2P (Peer-to-Peer Payment): Based on on-chain smart contract technology, providing a secure and efficient peer-to-peer trading experience.
• On-chain Red Envelopes: Multi-currency red envelope gameplay, combining fun and practicality, is an innovative tool for personal social interactions and business marketing.
• zkLogin Wallet: Adopts zero-knowledge proof technology to provide users with a more secure identity login, verification, and asset management.
• Merchant Services: Provides global merchants with one-stop merchant settlement and order management services, helping them meet diverse collection and settlement needs in different business scenarios.

Through these functions, BenPay elevates the on-chain payment experience to new heights, jointly building the core foundation of a decentralized financial ecosystem with the BenFen public chain.

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

As an important participant in the blockchain field, the globally renowned blockchain primary investment institution Bixin Ventures' investment in BenFen not only indicates a 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 for global digital finance, providing users and developers with secure, transparent, and convenient services through a multi-currency stablecoin mechanism and an efficient blockchain architecture.

BenFen is the underlying public chain supporting BenPay, and it is also the world's first multi-currency stablecoin application public chain.

Its design not only meets users' demands for high performance and low cost but also provides multi-chain compatibility and global stablecoin support, such as BUSD (US Dollar), BJPY (Japanese Yen), and BINR (Rupee). These stablecoins can help users achieve efficient and diversified cross-border payments and asset management. From stablecoin mechanisms, high-performance architecture, to innovative payment models, BenFen provides users with comprehensive and efficient blockchain services.

• Multi-currency Global Collateral Stablecoins

BenFen issues multi-currency stablecoins by globally collateralizing over 50% of BFC (BenFen's native token), supporting stablecoins such as BUSD, BJPY, and pegged Ruble stablecoins. This mechanism ensures the stablecoins can be exchanged for BFC at any time, while also ensuring price stability and effective distribution of stablecoins through dynamic liquidity management, price guidance mechanisms, and other technologies.

• 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 down to about 0.00022-0.01 BFC per transaction, which is extremely low in fiat currency value). In addition, BenFen innovatively introduces zkLogin technology, allowing users to quickly generate addresses and complete transaction signing through one-click third-party authorization (such as Google or Apple accounts), greatly enhancing payment efficiency while ensuring privacy and security. This not only makes login more convenient but also further enhances privacy protection and security assurance for on-chain interactions.

• Gas Payment and Staking

BenFen natively supports the application of stablecoins in staking and gas payments, allowing users to directly use stablecoins to pay on-chain transaction fees, eliminating reliance 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 is an important prerequisite for the stable mechanism of BenFen stablecoins. It features built-in price oracles and automated market maker models, employing centralized liquidity management and price smoothing mechanisms to ensure trading stability and fairness, while also incorporating Oracle systems to provide 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 payments, etc., connecting on-chain and off-chain value, forming a closed-loop financial system.

• DAO Governance

Through decentralized governance, BenFen empowers every user with the right to participate in on-chain decision-making, ensuring transparency and fairness in the ecosystem.