Paystand Named Winner Of Fintech Breakthrough Award For Defi Innovation

By Author: Orson Amiri
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Paystand, a leader in blockchain-enabled B2B payments, secures the DeFi Innovation category in the 2024 Fintech Breakthrough Awards, amid over 4000 fintech nominations. The annual awards program acknowledges breakthrough technologies and companies driving the adoption of digital payment models, revolutionizing business operations. Notable winners include industry giants like Coinbase and Mastercard. Paystand's decentralized finance technology, including the Paystand Network facilitating secure and fee-less money movement, Paystand Spend enabling seamless spending within the network, and Ethereum-based dynamic discounting app, earns recognition. Jeremy Almond, CEO of Paystand, expresses pride in the acknowledgment, highlighting the blockchain's role in fostering financial empowerment and efficient operations for businesses in a digitally-transformed era.

Amid banking uncertainties, Paystand's Network played a pivotal role, allowing clients to hold payments securely during crises. Their focus on real economy customers, spanning industries like manufacturing and renewable energy, underscores their commitment to accelerating financial transactions through blockchain technology. Additionally, Paystand's initiatives like Paystand.org aim to leverage blockchain for corporate social responsibility, addressing financial challenges in underserved communities. Through endeavors like The reDeFined Podcast, Paystand fosters dialogue and collaboration towards building a decentralized financial ecosystem, paving the way for economic empowerment globally.

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