rewrite this title Paystand Acquires Bitwage to Boost Stablecoin Settlement Capabilities – Finovate

Paystand has acquired Bitwage to create a Global Autonomous Finance Network that combines accounts receivable, accounts payable, FX, and treasury management into one decentralized system.

The deal strengthens Paystand’s stablecoin capabilities, enabling instant global payments, on-chain treasury management, and lower transaction costs for businesses operating across borders.

As stablecoin adoption surges, today’s deal validates that stablecoins are not speculative assets, but rather reliable, programmable payment instruments.

Cloud-based billing and payment platform Paystand is acquiring blockchain payments company Bitwage this week. The California-based company will leverage Bitwage to build a Global Autonomous Finance Network to offer a decentralized, programmable foreign exchange and treasury engine.

Bitwage was founded in 2014 and has since helped more than 90,000 workers and 4,500 businesses send and receive payments across almost 200 countries. The company facilitates stablecoins, bitcoin, and fiat currencies, linking both sides of the ledger in one programmable platform.

Founded in 2013, Paystand was created to eliminate fees, digitize the cash cycle, and create a self-driving money experience for businesses. The company offers B2B payments and billing capabilities, helping businesses leverage the blockchain to securely record their payment history by certifying and notarizing payments on the blockchain. Over the past few years, Paystand has connected 1+ million businesses and processed billions in volume.

Bringing on Bitwage’s technology will enable Paystand to help businesses scale their stablecoins operations. Specifically, clients will be able to make global payments instantly within Paystand’s accounts receivable (AR)/accounts payable (AP) network, handle treasury management with on-chain settlement, maintain compliance, and lower costs. Notably, the integration will also offer a more connected finance stack that merges AR, AP, payouts, foreign exchange, and treasury in a single, borderless system.

“This is how modern business should move money, from manufacturers in China, to suppliers in Argentina, to developers in Kenya, and everywhere in between,” said Paystand CEO and co-founder Jeremy Almond. “From invoices to payroll, from spending to earning, we’re building a financial system that works like software: 24/7, decentralized, and borderless.”

Paystand selected Bitwage because it has been using the company for years to pay international vendors and contractors in stablecoins. Some employees, including Almond, even received portions of their paycheck and bonuses in Bitcoin.

Logistically, Bitwage employees will join the Paystand team.

The acquisition comes at a time when stablecoin usage and regulation are rising. According to Paystand, the value of stablecoins in circulation has grown by more than 50% since early 2023, while over $7 trillion in stablecoin transactions were processed last year, surpassing even PayPal’s volume. At the same time, new legislation such as the GENIUS Act in the US and MiCA in the EU are offering regulatory clarity.

When mainstream adoption and policy momentum are converging, digital dollars are becoming a core part of global commerce. Paystand’s purchase of Bitwage validates that stablecoins are not speculative assets, but rather reliable, programmable payment instruments that can lower costs, reduce settlement times, and connect businesses and workers across borders in real time.

Photo by Ihsan Adityawarman

Views: 17