Paystand strengthens cross-border stablecoin payments with Bitwage acquisition

Paystand, a business-to-business payments web leveraging blockchain technology, has purchased Bitwage, a level specialising successful cross-border payments utilizing stablecoins.

Bitwage, established successful 2013, claims to service much than 90,000 outgo recipients and 4,500 businesses crossed assorted nations, facilitating blockchain-based outgo automation for planetary workforces.

Through this acquisition, Paystand aims to connection enterprise-level colony utilizing stablecoins and overseas speech crossed its network.

The institution states that its web has processed implicit $20bn successful outgo measurement for much than 1,000 enterprises and assorted planetary businesses.

The integration of Bitwage volition supply an exertion programming interface (API)-driven and compliance-tested payout motor that backs Tether (USDT), USD Coin (USDC), Ethereum (ETH), Bitcoin (BTC), arsenic good arsenic section currencies successful astir 200 nations.

This exertion volition present beryllium incorporated wrong Paystand’s accounts receivable and accounts payable web to facilitate speedy cross-border settlements.

Paystand noted that with the combined offering, main fiscal officers volition beryllium capable to determination liquidity betwixt assorted firm entities and regions wrong minutes, owed to round-the-clock stablecoin settlement.

The merged institution introduces endeavor governance built to comply with some the GENIUS Act successful the US and planetary regulatory requirements.

Paystand already supports a receivables and payables web for thousands of enterprises. Bitwage builds connected that instauration by enabling wide payouts, foreign‑exchange handling, and vendor and supplier disbursements — uniting planetary order‑to‑cash and procure‑to‑pay workflows successful a azygous programmable platform.

Paystand CEO Jeremy Almond said: “Stablecoins conscionable crossed from crypto curiosity to regulated wealth movement. What’s been missing is an enterprise‑scale web to use them to real‑economy usage cases — supplier payments, trade, logistics, energy, and manufacturing.

“Paystand + Bitwage connects stablecoin rails to the $100tn B2B system with the automation CFOs necessitate — faster settlement, little costs, and programmable treasury — without adding slope fees oregon complexity.”

Following this acquisition, Paystand volition go what it describes arsenic “the archetypal web to connection enterprise-scale, compliant, programmable wealth question that connects existent businesses — not conscionable banks oregon exchanges — into the on-chain economy.”

Integration of Bitwage’s services into Paystand’s infrastructure volition commencement instantly for selected endeavor customers, with gradual enlargement planned based connected circumstantial regions and currencies.