Paystand: The Payments Giants Quietly Supporting Bitcoin Circular Economies
Summary
Paystand is revolutionizing corporate payments by integrating Bitcoin into its services, enabling businesses to earn Bitcoin rewards and streamline transactions. The company also supports Bitcoin circular economies globally, donating over a million dollars to community-driven initiatives.
Key Insights
What is a Bitcoin circular economy?
A Bitcoin circular economy refers to a system where Bitcoin is used as a medium of exchange within a community or network, allowing businesses and individuals to earn, spend, and recirculate Bitcoin locally without converting to fiat currency, promoting adoption and financial inclusion.
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How does Paystand integrate Bitcoin into its payment services?
Paystand integrates Bitcoin by anchoring its enterprise blockchain to the Bitcoin network for immutable transaction records, enabling businesses to earn Bitcoin rewards like Satoshis on corporate card spends via partners such as Teampay, and supporting B2B crypto payments with lower fees and global capabilities through Paystand.org's initiatives.