At the Concordia Summit, a United Nations General Assembly Week Event held every year, Paystand CEO and co-founder Jeremy Almond has highlighted the growing need for Bitcoin around the world. He emphasized its boom in recent years and cited why this particular cryptocurrency may be the key to unlocking economies in the Global South. 

Almond made his case in front of the eager audience at the Sheraton Hotel in New York City. Almond put forth an argument on how important Bitcoin circular economies can be for those living in countries where there remains underdevelopment compared with the West. He also spoke about how Bitcoin can help those responsible to meet the important UN sustainability goals. 

The Paystand CEO may have some vested interest in his own project, but he seemed to be speaking sense. He expects this upwards trajectory to continue as Bitcoin grows and deepens its application in more widespread markets. As investors and traders continue to explore the liquidity of this digital asset, there is an increasing number of industries adopting the use of Bitcoin and other cryptocurrencies as a viable tender. Initially, adoption across sectors was slow, but as crypto has grown, the retail industry, e-commerce more generally, and more niche markets such as the growing online iGaming industry have continued to adopt the use of Bitcoin and cryptocurrencies. This means that, from online shoppers in Canada, looking for secure and decentralized transactions, to Aussie players betting on online casinos, seeking secure and quick withdrawal options, there is an increased widespread adoption of cryptocurrencies. And Bitcoin is spearheading this digital asset revolution. 

Indeed, Almond highlighted the continued growth of cryptocurrencies, citing that the global adoption of Bitcoin is exceeding that of internet adoption in its early days, thus changing the lives of millions.

Making his argument in front of members of governments, businesses, and nonprofits at this event, Almond spoke of the role that Bitcoin circular economies have in underdeveloped nations and took note of the likes of Motiv Peru and Bitcoin Beach, examples of where Bitcoin adoption has been successful in Latin American countries. 

He then went on to advise that Bitcoin can be a great enabler for people around the globe who don’t have access to traditional financial institutions, which could accelerate the UN in meeting its sustainability goals. He previously argued this point, advising that Bitcoin circular economies are an equalizer that lets philanthropy stand aside and offer agency to those who are more disadvantaged. Almond mentioned that Bitcoin can be used to quicken the process of reaching goals in line with the UN’s targets with regard to education, technology, access to jobs, and financial literacy to achieve better outcomes for people, with Bitcoin catalyzing this advancement and accelerating outcomes for people.

He comes at it from a place of knowledge, given his very own company, Paystand – the largest business-to-business blockchain payment company in America, donates considerable profits through an affiliated nonprofit organization aimed at further financial inclusion. Aligning perfectly with the UN’s aims set out in their Sustainable Development goals. This can see kids grow up and get an education through these Bitcoin-based economies and then move on to apprenticeships in Bitcoin mining or jobs in the crypto industry. 

Following his speech, Almond now faces the challenge of convincing world leaders with his argument in order to enact this change further.

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