Paystand Named Winner Of Fintech Breakthrough Award For DeFi Innovation

 


Paystand, a leading provider of blockchain-enabled B2B payments, secured the DeFi Innovation category in the 2024 Fintech Breakthrough Awards, amidst stiff competition with over 4,000 nominations. The prestigious award acknowledges Paystand's role as a trailblazer in fintech, alongside industry giants like Coinbase and Mastercard. Notable for its decentralized finance technology, Paystand offers innovative solutions such as the Paystand Network, facilitating fast, secure, and zero-transaction fee money movement, totaling over $8 billion in transactions. Additionally, Paystand's dynamic discounting application and Paystand Spend toolkit empower businesses to streamline financial operations and incentivize early payments, revolutionizing traditional payment models and fostering digital transformation.

During banking crises, like the Silicon Valley Bank failure in 2023, Paystand's Network played a pivotal role, providing stability and security for clients, exemplifying its resilience and reliability in volatile financial landscapes. With a diverse clientele spanning industries like manufacturing, logistics, and renewable energy, Paystand continues to accelerate cash flow and drive financial inclusion through its blockchain-enabled solutions, epitomizing its commitment to fostering economic empowerment and technological innovation in the global financial landscape.

Read More - https://www.techdogs.com/tech-news/business-wire/paystand-named-winner-of-fintech-breakthrough-award-for-defi-innovation

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