Batch payment is a feature that allows multiple cryptocurrency transactions to be processed simultaneously in a single transaction. This helps streamline the process and reduce fees, especially when sending payments to multiple recipients at once.
Instead of creating individual transactions for each payment, batch payment combines all transactions into one, saving time and effort. It is particularly useful for businesses or individuals who need to make multiple payments at once, such as payroll processing or distributing dividends to shareholders.
By bundling transactions together, batch payment also helps to optimize block space on the blockchain, leading to faster processing times and lower fees. This is especially important during times of high network congestion when transaction fees can spike.
Overall, batch payment is a convenient and efficient way to manage multiple cryptocurrency transactions simultaneously, saving time, money, and resources.
