Paystand Puts Crypto on Its Balance Sheet, Setting a New Standard for B2B SaaS Operations
Paystand – the leader in blockchain-enabled B2B payments – today announced it has been purchasing Bitcoin (BTC) and Ether (ETH) on its balance sheet. This move marks a significant milestone for B2B SaaS companies and further legitimizes the emergence of cryptocurrency as a viable balance sheet asset. Paystand’s decision to accumulate and hold crypto underscores the company’s belief in the long-term value of digital currency and that owning DeFi assets will soon become essential for businesses in the 2020s and beyond.
"Blockchain technology is one of the best bets a company can make in the 2020s and within that, crypto has become an emerging opportunity to strengthen the corporate balance sheet and better manage capital preservation against external volatility in the fiat money supply," said Jeremy Almond, Paystand’s CEO. “Blockchain and digital currencies are uniquely positioned to transform corporate treasury and revolutionize how companies function at the root level. Just as cloud computing transformed the way companies were run in the early 2000s, blockchain will help businesses unlock newfound potential when it comes to scalability, growth, and revenue.”
Paystand is a Serra Capital II and Serra Capital II Follow-on-Fund company. To read the entire article, follow here.