Bitcoiners build Bitcoin circular economies around the globe, with a deep impact on society. This is happening in regions where Bitcoins are a safe heaven asset compared to local economies.
Paystand is one such B2B payment giant. It has been largely unnoticed as an important user of Bitcoin to make domestic and international payments for corporates. Paystand is a B2B payments giant that uses Bitcoin for domestic and international corporate payments. Paystand provides mid to large corporate clients like Motorola.
Paystand, which uses Bitcoin to settle financial transactions via its assurance protocol, provides fast, auditable and traceable transfers as an alternative for legacy systems such as checks, wires and ACH. According to Jeremy Almond’s comments to Bitcoin Magazine, Paystand has processed more than $20 billion worth of payments per year, and connected over one million companies on its network.
Almond is an early Bitcoin adopter, whose family suffered from the financial crisis of 2008. Almond spoke with Frank Corva, the editor of Bitcoin Magazine about his Occupy Wall Street experience and his thesis. “Why banks are too big to fail,” Which led him into Bitcoin. Almond’s background is in technology entrepreneurship and surfing. He joins other Bitcoin leaders like Jack Dorsey, Bitcoin Beach’s Mike Peterson, who also surf.
Paystand and Bitcoin have a deep integration. This company uses Bitcoin’s payments and volume infrastructure to solve payment and operational problems faced by large corporations. Although it does not advertise itself as a Bitcoin Company, the company has been a pioneer in advancing Bitcoin adoption.
Paystand has a different strategy on the Bitcoin corporate side than Michael Saylor’s Strategy. The latter walks through the front doors to present a Bitcoin Treasury allocation to executives, trying to influence the companies. Paystand adopts a completely different approach. Through its Teampay corporate spending cards, companies can earn Bitcoin rewards—denominated in satoshis—on everyday expenditures, such as a 1% cash back in sats.
Almond explains: “Our products are designed to sort of Trojan horse and orange pill large companies that might be skeptical to go all in on Bitcoin first… all of a sudden that company ends up with Bitcoin in the balance sheet, not by some big formal process, but by simply doing what they’re already doing and earning sats by their regular behavior.”
Sats Rewards are more valuable than credit card points because they are liquid and last for ever. They also tend to increase in value with time. The corporations just need to learn how to use them, and then integrate them in their financial statements. This means that the decision to incorporate Bitcoin is made by Paystand customers.
Paystand will help clients integrate their Bitcoin holdings when the time comes. The company connects Bitcoin to ERP systems such as Oracle, Microsoft and Sage. It also handles reconciliation and accounting in accordance with standards like FASB. Almond said. “What we’re really good at is helping these organizations connect it back to their big financial system… And that’s really one of the things we’re an expert at.”
Paystand will be available in November 2025. acquired BitwageJonathan Chester and John Lindsay founded in 2014 a Bitcoin-based global payroll company. Bitwage allows businesses to make payments in Bitcoins, stablecoins or fiat currency for international workers, contractors and vendors. It also reduces FX fees, cross-border costs and simplifies accounting. “200 countries”Bitwage. Paystand has integrated Bitwage’s experience into its enterprise network. This will expand the capabilities of global B2B transaction, such as payroll payments and supplier payment, while also supporting Bitcoin.
Almond made a significant revelation in the interview. He revealed that Paystand offers its own Layer-2-based solution for business, which is tailored specifically to meet enterprise needs. Almond also announced future announcements about additional L2 partnership. Paystand entered into the Bitcoin mining business to ensure results and reliability.
Almond has told Bitcoin Magazine about the cryptocurrency. “Today we are one of the top 25 largest miners in the world.” They expanded into mining through the business relations they have with different energy companies to whom they offer payment services. “Increasingly, the energy industry and the Bitcoin mining industry are converging. And so we’ve been able to have distributed mining infrastructure with a number of energy partners and data centers to be able to bring more balance to the energy grid, partner with our energy partners, and then create more sustainable options that also help balance and decentralize the Bitcoin validation infrastructure,” He explained.
This move shows an intriguing alignment of incentives. Paystand chose to vertically integrate as a Bitcoin payment company. It applied to provide its own hash rates, blocks and layer 2 scaling solution tailored for large B2B. They became miners to meet their strategic goal of ensuring that all transactions were confirmed by miner, decentralizing hashing power. Almond said that Paystand’s expansion into Bitcoin mining is deeply rooted in the OG Bitcoin culture. “if we don’t have the nodes and the miners aren’t sufficiently decentralized, then again… Our view is that we are not living up to the ideals of the white paper.”
Bitcoin and Circular Economies: Closing The Loop
Paystand donates part of its profit to charity. Paystand.orgThe nonprofit was formed in the year 2024 and is focused on providing support to those who are less fortunate. Bitcoin circular economies (BCEs) Global South
BCEs use Bitcoin as a local transaction, for remittances and financial inclusion. These initiatives are driven by communities to have a positive impact on society. BCEs consist of projects such as Bitcoin Beach, Motiv, in Peru and My First Bitcoin, which are aimed at educating people.
Almond claims that Paystand.org is a charity which has given over “a billion sats” BCEs are roughly equivalent to one million US Dollars. Grants are awarded based on proof of the work done by the programs. They can range from 1,000 to 80,000 dollars. “We work with 30 programs all over the globe, something in the order of 20 countries,” Almond to emphasize the size of their work.
Paystand.org, along with a range of BCE Leaders, echos the differences Bitcoin makes in social impact project. As this type of humanitarian work emphasizes developing agency and empowerment for recipients instead of constant handouts fiat-style, which creates dependence rather than resilience.
Paystand had a very strong presence during the recent Bitcoin Circular Economy Summit Bitcoin Beach in El Salvador will take place on January 20, 2026.
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Source: bitcoinmagazine.com
