Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Biconomy Unveils Virtual Addresses to Streamline Stablecoin Payments Across Chains

Biconomy Unveils Virtual Addresses to Streamline Stablecoin Payments Across Chains

BlockchainReporterBlockchainReporter2026/05/08 22:00
By:BlockchainReporter

Biconomy, a renowned modular blockchain infrastructure entity, has introduced Omnichain Virtual Addresses. The Omnichain Virtual Addresses solution offers seamless payments in stablecoins and deploys cutting-edge infrastructure across diverse blockchain ecosystems. As Biconomy’s official press release reveals, the new system permits payment entities, merchants, and businesses to utilize an inclusive address for payment flows, consumer deposits, and invoices across different EVM-compatible blockchains. Additionally, the initiative is live on Base, Polygon, Optimism, Arbitrum, and Ethereum.

Biconomy Simplifies Cross-Chain Payments in Stablecoins with Omnichain Virtual Addresses

Biconomy’s launch of Omnichain Virtual Addresses attempts to enable seamless stablecoin-based payments with resilient infrastructure. With this, merchants, businesses, and payment companies can enjoy a seamless experience across EVM-compatible chains, including payment streams, invoices, and user deposits, with a single address. While already operating on Ethereum, Polygon, Base, Optimism, and Arbitrum, the new initiative allows the platform to remove the operational complications linked to cross-chain payments and deposit addresses.

Apart from that, the move denotes another key development toward enhancing blockchain financial infrastructure to facilitate dApps and enterprises. The traditional deposit address frameworks often become difficult and expensive to manage. Additionally, businesses often require monitoring numerous individual addresses along with performing separate “sweep” transfers to shift deposited capital into diverse treasury wallets. Such extra transfers lead to additional costs, operational risks, and delays, especially when it comes to managing big volumes of payments across diverse networks.

At the same time, another key challenge deals with the deficiency of an inclusive virtual address benchmark across EVM-compatible blockchains. Several companies work in parallel on different ecosystems, paving the way for the creation of unique chain-specific routing models and deposit systems. Such a fragmented infrastructure can make payment reconciliation significantly complex and raise support issues for consumers sending capital from diverse chains.

Developing Scalable Infrastructure for Payments with Inclusive Blockchain Addresses

According to Biconomy, new Omnichain Virtual Addresses let it streamline this procedure by permitting businesses to release a single address for each consumer, payment request, or invoice. Additionally, it tackles settlements without any external intervention. Keeping this in view, Omnichain Virtual Addresses are poised to serve as a part of a wider infrastructure framework for payments that use blockchain-based solutions.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

VIPAI Asset Sell-Off and Selective Rotation in Crypto

1. Technology stocks fell sharply as investor interest shifted toward energy and selected defensive assets. From October 10 to 16, the Nasdaq 100 declined 5.49% and the S&P 500 fell 1.95%, while the Dow gained 0.67% and WTI crude rose 10.41%. BTC, ETH, and SOL declined 1.27%, 2.65%, and 4.44%, respectively. This week's technology earnings will be an important test of whether revenue growth, margins, and cash flow can justify current valuations. Better-than-expected results could help stabilize markets in the near term. 2. Crypto continues to see pockets of strong activity, but a broad-based altcoin season has yet to materialize. CoinMarketCap's (CMC) Altcoin Season Index stood at 54 as of the October 18 UTC daily observation, below the altcoin-season threshold of 75, while BTC dominance rose to 60.08%. Our proxy leverage ratio fluctuated between 4.00 and 4.07 during the week, showing no sustained increase and suggesting limited appetite for additional leverage. Meanwhile, as major exchanges expand access to traditional financial assets, the recent sell-off in AI-related equities could attract short-term speculative capital away from crypto. Such capital rotation could make it more difficult for a new altcoin season to take hold. 3. Papertrade's loss-to-mine model has generated significant interest across the crypto community. The protocol combines high-leverage derivatives trading with zero slippage and a mechanism that rewards trading losses with PAPER tokens. Across the eight complete UTC days from October 10 to 17, cumulative reported revenue reached approximately $56.08 million, including $51.90 million distributed to token holders. With growing participation from key opinion leaders (KOLs), Papertrade has reportedly ranked among the top three platforms by profitability in the broader market recently. Assets to watch: BTC, ETH, SOL, ARB, OP, SKHYNIX, SKHY, META, TSLA, LRCX, and SPCX. Key research priorities this week: Cash flow performance in technology earnings; the relative discount and holding costs of the two SK Hynix contracts; and U.S. initial jobless claims and PMI data. Weekly market data cover the period through October 16, while research information was verified through October 18. Observation periods are specified separately for each chart.

Bitget•2026/10/19 06:51
AI Asset Sell-Off and Selective Rotation in Crypto