Paystand Acquires Crypto Payroll Platform Bitwage to Boost Global Payments
CEO Jeremy Almond announced the Bitwage acquisition to enhance global payment processing and foreign exchange services, reinforcing Paystand’s position in cross-border fintech solutions.
Summary
In an official statement on November 7, Paystand CEO Jeremy Almond confirmed the acquisition of cryptocurrency payroll platform Bitwage. The move aims to expand Paystand’s global payments and foreign exchange operations, strengthening its cross-border financial service offerings. The purchase price was not disclosed.
Terms & Concepts
- Crypto Payroll Platform: A service allowing wages to be paid in cryptocurrencies, enabling borderless and instant salary transactions.
- Forex: Abbreviation for foreign exchange; the global marketplace for trading national currencies.