Paystand: The Payments Giants Quietly Supporting Bitcoin Circular Economies
Paystand, a B2B payments giant, is subtly advancing Bitcoin adoption through corporate services and supporting global circular economies via its nonprofit.Summary
Paystand is a significant, yet low-profile, B2B payments company that utilizes Bitcoin as a settlement layer for corporate receivables, payables, and cross-border transactions, processing over $20 billion annually.
CEO Jeremy Almond, a Bitcoin early adopter, describes their strategy as a "Trojan horse" to integrate Bitcoin into large companies by offering rewards in satoshis on corporate spending cards (Teampay), which organically leads to internal calls for balance sheet integration.
To ensure reliability and align with Bitcoin's ideals, Paystand has vertically integrated by becoming one of the top 25 global Bitcoin miners and developed its own enterprise-focused Layer-2 solution. Furthermore, the company supports global Bitcoin Circular Economies (BCEs) through its nonprofit, Paystand.org, which has donated over a billion sats to community-driven initiatives worldwide.
(Source：Bitcoin Magazine)