According to Foresight News, Backpack, a cryptocurrency trading platform, has announced the launch of instant internal transfers. The new feature allows for immediate transactions between accounts or sub-accounts on the Backpack Exchange. This is particularly beneficial for users during times of network congestion, as it helps to avoid delays in processing deposits and withdrawals. However, it's important to note that this feature is only applicable for withdrawals to exchange accounts. Withdrawals to other accounts on Solana or any other network will still be processed through the underlying blockchain.
Backpack Exchange Introduces Instant Internal Transfers
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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