"By using Bitcoin as a financial settlement layer via its assurety protocol, Paystand provides fast, auditable, traceable transfers, serving as an alternative to legacy systems like checks, wires, and ACH. According to its CEO, Jeremy Almond, who talked to Bitcoin Magazine on the matter, the company has processed over $20 billion in payment volume per year and connects more than one million businesses on its network."
"Almond, who co-founded Paystand, is a Bitcoin early adopter whose family was deeply affected by the 2008 financial crisis. In an interview with Frank Corva of Bitcoin Magazine, Almond shared some of his experiences with the Occupy Wall Street protest against the banks at the time and how all of this influenced his master's thesis on "Why banks are too big to fail," which in turn led him to Bitcoin."
Paystand is a B2B payments company that integrates Bitcoin as a backend settlement layer to enable fast, auditable, and traceable corporate payments. The platform handles receivables, payables, expenses, cross-border transfers, corporate spend cards, and payroll with Bitcoin-sensitive accounting features. Paystand serves mid-to-large enterprises, including clients such as Motorola, and reports processing over $20 billion in annual payment volume while connecting more than one million businesses. Paystand's assurety protocol uses Bitcoin to replace checks, wires, and ACH for settlements. Co-founder Jeremy Almond's tech entrepreneurship background and early Bitcoin adoption inform the company's focus on resilient, bank-alternative payment infrastructure.
Read at Bitcoin Magazine
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