The latest news says PayStand, a Blockchain-enabled platform for account receivables and B2B payments, today reported the acquisition of Yaydoo, a fintech company facilitating accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM. This arrangement represents one of the most influential technology collaborations in Mexico and LATAM to further make commercial blockchain-based solutions more accessible across the Americas.
PayStand is a decentralized finance (Defi) company that utilizes blockchain and cloud technology to strengthen the PayStand Bank Network - a digital B2B payments network with zero charges.
According to the firm, the acquisition of Yaydoo, an accounts payable and cash flow management fintech, will help spread commercial blockchain-based trade solutions to a wider customer base across the Americas.
By having each updated accounts receivable/accounts payable B2B Defi payment networks across both the US and Mexico, the collaboration with Yaydoo demonstrates that PayStand can now bring the two platforms into a single, open, faster, and safe global payment network.
