SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Paystand.org, the philanthropic arm of pioneering fintech company Paystand focused on catalyzing circular economies through the use of Bitcoin, announced that the organization is now accepting applications for 2025 grants. It also announced strong results of its first year working with NGOs that align with its mission.
From now through Jan. 14, 2025, Paystand.org invites small and medium-sized NGOs focused on advancing financial inclusion, fostering Bitcoin-based circular economies, and promoting Bitcoin education to apply for grant funding. Awards cover a one year period and range from a minimum of $3,000 up to $25,000. Grantees will receive funding, ongoing support, and guidance in order to assess the progress and impact of the project.
“Today Bitcoin is rapidly gaining acceptance and skyrocketing in value, demonstrating a new optimism about its place in the economy,” said Jeremy Almond, CEO, Paystand. “From the start, Paystand has focused on democratizing B2B finance through blockchain and Bitcoin. For Paystand.org, the 2025 grants will be another example of the company walking its talk by offering underbanked communities Bitcoin-focused education and programs.”
“Paystand.org’s grant program bridges the financial inclusion gap that leaves more than 1.4 billion people out of the current system,” Almond continued. “We invite all eligible organizations to join us in reshaping financial ecosystems and driving meaningful change.”
The application and review process for the Paystand Fund is a collaborative effort managed by the Paystand.org team with the participation of the Paystand Inc. board at the last stage of the evaluation process. For more information and to apply for a grant, visit www.paystand.org/grantapplication.
Paystand.org in 2024
In its first year, Paystand.org’s results included:
- Expanded Impact: Paystand.org grew from working with four organizations across three countries to partnering with 10 organizations in six countries, demonstrating a significant expansion in reach and community impact.
- Volunteer Program Milestone: Paystand organized a mission to El Salvador with 12 volunteers in three cohorts, furthering its commitment to fostering Bitcoin circular economies through on-the-ground support and local engagement. Working with more than 100 youth, the volunteers helped with English classes, résumé workshops, and food donations, as well as providing Bitcoin and circular economy instruction.
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Grant Program Reach: Paystand.org has impacted 40,000 individuals in underrepresented communities through its program supporting financial inclusion and empowerment initiatives:
- Mi Primer Bitcoin educated more than 25,000 people on Bitcoin adoption, financial literacy, and entrepreneurship, with more than 150 students graduating this month.
- The Bitcoin School Argentina educated more than 1,000 students.
- MOTIV demonstrated Bitcoin’s utility by fostering financial independence in remote areas for more than 1,500 community members.
Mujeres en Bitcoin Latam Launch
Additionally, Paystand.org announced the first Women in Bitcoin meeting for Latin America on November 14 in San Salvador. Sponsored by Paystand.org, the event is designed to connect women interested in Bitcoin and its impact on Latin American society, where 70% of the population is unbanked or underbanked and where communities do not have access to capital for entrepreneurial activity. The objective is to share ideas, be inspired by the experiences of other women leaders, and be part of a network that enhances personal and professional growth.
“We are extremely excited to be helping to launch the first meeting of Mujeres in Bitcoin in El Salvador, part of a global confederation of women seeking to achieve greater social impact from financial education and brainstorming,” said Alexandra Navarro, chief of impact at Paystand and head of Paystand.org.
About Paystand.org
As the philanthropic arm of Paystand.com, Paystand.org harnesses the expertise, ingenuity, and assets of its parent fintech entity, Paystand, Inc., to promote financial inclusion and economic growth for underrepresented communities and in emerging economies. By promoting the principles of circular economies, Paystand.org seeks to create sustainable economic ecosystems through innovative financial solutions. Paystand.org aims to use financial education, increased access to credit, capital and technology, and innovations including Bitcoin and blockchain technology to expand economic opportunity for thousands of communities in the United States and abroad who have historically been excluded from participating fully and freely in both local and global economies. For more information, visit Paystand.org.
About Paystand
Paystand is on a mission to create an open commercial finance system, starting with a zero-fee network for B2B payments. Paystand is the largest B2B receivables, payables and payments network running on a commercial blockchain. The company makes it possible to digitize receivables, automate processing, reduce time-to-cash, eliminate transaction fees, and enable new revenue. The AR/AP solutions are designed for U.S., LATAM and Canadian businesses of all sizes. For more information about Paystand, visit us at paystand.com. Follow our blog, and connect with us on X and LinkedIn.
