We catalyze circular economies through the use of Bitcoin
Paystand.org aims to further financial inclusion through the use of Bitcoin and Blockchain technology.
We believe we can achieve a more open and equitable financial system by accelerating the growth of circular economies enabled through selected organizations in emerging and underrepresented communities.
The existing, centralized financial system locks out 1.4 billion of people and wasn’t built to meet the needs of those who have economic challenges.
70% of Latin Americans are unbanked or underbanked
Bitcoin and blockchain can provide access to financial services, enabling people to make transactions, receive payments, and access credit without relying on traditional banking systems.
Latin America faces inflationary challenges, with rates often exceeding global averages.
For example, Argentina experienced an inflation rate of over 50% in 2023.
Bitcoin and blockchain technologies provide alternatives, with Bitcoin’s capped supply ensuring a hedge against inflationary pressures. These innovations offer lower transaction costs, enabling individuals to preserve wealth amidst volatile economic conditions.
Latin America relies heavily on remittances from individuals working abroad, totaling approximately $96 billion annually.
Traditional services often have high fees (average 6.8%) and take 3-5 days, placing a significant burden on recipient families.
Bitcoin and blockchain offer faster (minutes) and cheaper (1-3%) cross-border payments, easing financial strain on families.
Access to Credit and Microfinance
Blockchain-based systems can enable more efficient and transparent credit assessments, fostering greater access to credit, especially for small businesses and individuals in need of microfinance.
of small businesses secure loans from financial institutions.
is the interest rate on the few institutional loans that are made
People borrow money from family or informal sources.
Through strategic partnerships, we’re driving change at the grassroots level while also delving into the financial impact of Bitcoin in circular economies.
Together, we’re forging a future where every community can thrive.
My First Bitcoin
An international Bitcoin education project, currently focusing on El Salvador, aims to provide comprehensive training in Bitcoin and technology to promote Salvadorans’ utilization of cryptocurrency, offering educational credentials known as diplomas, which can pave the way for job opportunities in the burgeoning crypto sector.
Focused on driving the positive and sustainable transformation of the community of El Zonte in El Salvador, their work encompasses spirituality and community-building, education, technology education, recreation, and youth development initiatives.
In Jan 2022, Lago Bitcoin began building a Bitcoin circular economy, focusing on small business-based circular economy, community-operated Bitcoin mining with used cooking oil-generated electricity, and Bitcoin education.
Our Three Priorities
How we can Help
We provide direct financial support to selected organizations in emerging and underrepresented communities, empowering them to kickstart blockchain initiatives and foster innovation.
We facilitate the connection of non-profit organizations with mentors and experts in Bitcoin and blockchain initiatives, contributing to their sustainable growth.
Our volunteers travel to communities, organizing interactive workshops, Q&A sessions, and showcasing real-world applications.
Why Bitcoin and Blockchain?
Blockchain’s transparent, decentralized nature and Bitcoin’s digital currency offer a new paradigm for finance. They unlock unprecedented opportunities to reshape systems, promote transparency, and drive financial inclusion.
What is the unique role of Paystand in these initiatives?
Acting as a credible connector in emerging markets
Harnessing blockchain technology
Focusing on tech-driven philanthropy with a global economic impact
Join Us in Building a Better Future
Together we’ll help communities an regions empower themselves, financially at the same time that we, in partnership with such people, create sustainable economies