Calypso Pay, an all-in-one crypto processing & acquiring platform, today and announced the launch of Tron (TRX) mass payouts in partnership with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain.
The solution allows customers to quickly set up Tron payouts to tens of thousands of addresses while saving both time and money on fees.
When you regularly have to send money to thousands of addresses, mass payouts are a more cost-effective solution. Yet customers face multiple problems when creating mass payouts by themselves: they take up a lot of space in the memo, can block the execution of other transactions on the address, and the transaction itself might be expensive unless you set it up in the right way.
Aiming to take care of all these problems, Calypso Pay offers mass payments via smart contracts, mass payouts in one transaction (for BTC and DOGE), and even an option of launching mass payouts by uploading a CSV file — all options come with low fees and significantly speed up the financial operations.
Benefits of Mass Payouts via Tron (TRX):
- Saves up to 10 hours, and reduces the risk of making a mistake during a transaction to 0%.
- Increases savings as the number of recipients increases: for 10 transactions, the savings is 55%, while for 100 or more transactions — 99%.
To provide a better experience, Calypso Pay partnered with WatchData, a flagship infrastructure product of TheWatch company — WatchData monitors, analyses and provides accurate data on the status of transactions, ensuring there are no missed transactions and delays in the blockchain update.
“We have seen our customers actively using Mass Payouts functionality to save money — it confirms our solution has several competitive advantages, including reliable infrastructure from our partner WatchData, the team with vast experience in developing similar products, and, most importantly, market knowledge. We at Calypso Pay wanted to address the existing problem of mass payouts and provide one of the best solutions on the market for our customers, and that’s why we’re adding Tron Mass Payouts.”
– Alexey Korneev, Operation Director at Calypso Pay
Calypso Pay allows receiving payments from the clients fast in a secure way and paying the partners or workers almost instantly. With Calypso Pay, you can create invoices and/or use a payment widget to accept payments, make payments, initiate payouts (both individual and mass), get analytics, and more.
In the future Calypso Pay will increase functionality for Tron in its platform: the team plans to add the ability to group addresses into 1 invoice and support for algorithmic stablecoin USDD.