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Cryptocurrency News Articles

BenPay Announces the World's First On-chain Red Envelope Feature

Jan 27, 2025 at 11:59 am

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

BenPay Announces the World's First On-chain Red Envelope Feature

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.

As a core ecological product of the BenFen public chain incubated by the Bixin Group, BenPay 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:

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

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