Paystand, a business-to-business payments network leveraging blockchain technology, has purchased Bitwage, a platform specialising in cross-border payments using stablecoins.
Bitwage, established in 2013, claims to serve more than 90,000 payment recipients and 4,500 businesses across various nations, facilitating blockchain-based payment automation for international workforces.
Through this acquisition, Paystand aims to offer enterprise-level settlement using stablecoins and foreign exchange across its network.
The company states that its network has processed over $20bn in payment volume for more than 1,000 enterprises and various global businesses.
The integration of Bitwage will provide an application programming interface (API)-driven and compliance-tested payout engine that backs Tether (USDT), USD Coin (USDC), Ethereum (ETH), Bitcoin (BTC), as well as local currencies in around 200 nations.
This technology will now be incorporated within Paystand’s accounts receivable and accounts payable network to facilitate quick cross-border settlements.
Paystand noted that with the combined offering, chief financial officers will be able to move liquidity between various corporate entities and regions within minutes, due to round-the-clock stablecoin settlement.
The merged company introduces enterprise governance built to comply with both the GENIUS Act in the US and international regulatory requirements.
Paystand already supports a receivables and payables network for thousands of enterprises. Bitwage builds on that foundation by enabling mass payouts, foreign‑exchange handling, and vendor and supplier disbursements — uniting global order‑to‑cash and procure‑to‑pay workflows in a single programmable platform.
Paystand CEO Jeremy Almond said: “Stablecoins just crossed from crypto curiosity to regulated money movement. What’s been missing is an enterprise‑scale network to apply them to real‑economy use cases — supplier payments, trade, logistics, energy, and manufacturing.
“Paystand + Bitwage connects stablecoin rails to the $100tn B2B economy with the automation CFOs require — faster settlement, lower costs, and programmable treasury — without adding bank fees or complexity.”
Following this acquisition, Paystand will become what it describes as “the first network to offer enterprise-scale, compliant, programmable money movement that connects real businesses — not just banks or exchanges — into the on-chain economy.”
Integration of Bitwage’s services into Paystand’s infrastructure will start immediately for selected enterprise customers, with gradual expansion planned based on specific regions and currencies.
