Paystand acquisition Bitwage to enhance global payments

2025-11-08 00:44:06

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Paystand has just acquired Bitwage to expand its global payment network and promote the application of blockchain in decentralized finance, according to CEO Jeremy Almond. The deal helps consolidate two powerful platforms to enhance cross-border payments and broaden the use of stablecoin in global business transactions.

Bitwage is the leading cryptocurrency payroll platform, processing approximately 500 million USD annually and supporting stablecoins like USDC and USDT. The merger enables Paystand to enhance the decentralized payment network, providing instant and borderless payment capabilities for businesses.

Almond stated that Paystand had used Bitwage to pay international partners and receive salaries in Bitcoin, affirming the potential of the cryptocurrency salary model in optimizing global transactions.

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