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Binance launches the Panama project to provide its users with inter-chain link services

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Now you can make transactions between Blockchain with a single click with the Panama Plan of Binance Smart Chain.

Panama is a bridge service that provides access to liquidity between blockchain for decentralized applications of Binance Chain and Binance Smart Chain and brings valuable assets such as BUSD, USDT and ETH to the Binance Chain ecosystem.

The Binance Chain Panama service ad On October 10, 2020, the addition of linked tokens such as link in the chain (link), bitcoin cash (BCH), ontology (ONT), litecoin (LTC) and cosmos (ATOM).

He Panama project, aims to help Binance Smart Chain and Binance Chain to provide cross-chain link services with one click, allowing the transfer of digital assets from different blockchains to Binance Smart Chain and Binance Chain.

Advantages of the Panama Project

Crypto assets can be converted between native blockchain and Binance Chain / Binance Smart Chain.

"For example, if USDT is transferred from Ethereum to Binance Smart Chain, Panama will support cross-chain conversion of Ethereum ERC-20 and TRON TRC-20 assets."

The conversion time is short and it may take only 2-3 minutes to perform a cross-chain conversion of crypto assets.

Panama charges zero conversion fees and users only have to pay network fees on the blockchains being used.

You can use Panama without the need to register a Binance account.

Supported assets

Binance Chain: BTC, BUSD, ETH, USDT

Binance Smart Chain: BTC, BUSD, ETH, USDT





1 Comment
  1. leesadaisy says

    Hi there! Thanks for sharing the news.

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