{"id":98973,"date":"2025-09-23T13:26:37","date_gmt":"2025-09-23T13:26:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=98973"},"modified":"2025-09-23T13:26:37","modified_gmt":"2025-09-23T13:26:37","slug":"bitcoin-circular-economies-highlighted-at-united-nations-general-assembly-week-event","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=98973","title":{"rendered":"Bitcoin Circular Economies Highlighted at United Nations General Assembly Week Event"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Circular Economies Highlighted at United Nations General Assembly Week Event<\/a><\/p>\n

<\/div>\n

Yesterday, at the Concordia Summit, an annual event held during the UN General Assembly week, Paystand CEO and co-founder Jeremy Almond made the case for why Bitcoin is important for those living outside the borders of highly developed countries, as well as how it helps people meet the UN\u2019s sustainable development goals (SDGs).<\/p>\n

At the event, which brings together members of government, businesses and nonprofits to discuss solutions to some of the world\u2019s most pressing problems, Almond appeared on a panel titled \u201cFrictionless Finance: Unlocking Capital Through Digital Assets,\u201d on which he highlighted the role that Bitcoin circular economies<\/a> play in the Global South.<\/p>\n

\u201cWhether it\u2019s an indigenous village in Per\u00fa or a town in El Salvador, these are community-driven, grassroots efforts that are happening from the bottom up,\u201d Almond told the audience at the Sheraton Hotel just north of New York\u2019s Times Square, referring to the efforts of Motiv Per\u00fa<\/a> and those who are part of the original Bitcoin circular economy, Bitcoin Beach<\/a>.<\/p>\n

He added that Bitcoin adoption is growing faster than internet adoption did and that Bitcoin is \u201cchanging millions of lives all over the planet right now.\u201d<\/p>\n

Bitcoin as a Catalyst for the UN\u2019s Sustainable Development Goals<\/h2>\n

It\u2019s rare to hear such rhetoric at a UN or UN-adjacent event, despite the fact that Bitcoin can accelerate the pace at which people meet UN SDGs, according to Almond.<\/p>\n

Here and there you might read about the UN considering the potential benefits of \u201cdigital assets,\u201d \u201cstablecoins\u201d or even CBDCs<\/a>, but, more often than not, the institution either hardly acknowledges Bitcoin or casts it in a negative light<\/a>.<\/p>\n

However, Almond sees bitcoin \u2014 something he referred to from the stage as \u201cfreedom money\u201d and a great enabler for saving for people around the globe, many of whom don\u2019t have access to traditional financial services \u2014 as something to help people meet the UN\u2019s SDGs more quickly.<\/p>\n

And he was an excellent candidate to deliver such a message, as his company Paystand<\/a>, the largest business-to-business (B2B) blockchain-based payments company in the United States, donates 10% of its profits to Paystand.org<\/a>, a nonprofit that aims to further financial inclusion \u2014 one of the aims of SDG 3<\/a> \u2014 around the world through Bitcoin.<\/p>\n

\u201cWe believe that Bitcoin circular economies are major catalysts that drive a lot of the UN\u2019s goals,\u201d Almond told Bitcoin Magazine. \u201cBut instead of coming at it through philanthropy, they\u2019re creating agency.\u201d<\/p>\n

According to Almond, not only does Bitcoin help achieve certain outcomes, but it quickens the process of doing so.<\/p>\n

\u201cWhat does the UN believe? Access to education, access to technology, access to jobs, access to financial literacy are the drivers of better outcomes for people,\u201d he said. \u201cWhen you study Bitcoin circular economies, what you find is that Bitcoin is the catalyzing agent that accelerates those outcomes.\u201d<\/p>\n

Almond shared what\u2019s transpired in Bitcoin Beach, a community that Paystand.org supports, as an example of this, as he noted the importance of the community\u2019s education center, Hope House<\/a>.<\/p>\n

\u201cHope House started with Bitcoin education, general literacy, and tourism,\u201d explained Almond.\u00a0<\/p>\n

\u201cThe kids are a little older now, and we have a new program which teaches them about technology and computers,\u201d he added.<\/p>\n

\u201cNow, they\u2019re getting internships at Bitcoin mining companies.\u201d<\/p>\n

Almond also cited the work that Bitcoin Dada<\/a> does to not only introduce African women to Bitcoin<\/a> but to help them find jobs in the industry.<\/p>\n

Helping Global Leaders to Recognize Bitcoin<\/h2>\n

While in town for the UN\u2019s General Assembly week, Almond plans to meet with global leaders and policymakers to help them to understand the effect that Bitcoin can have on their constituents, especially the most vulnerable of them.<\/p>\n

\u201cNation-state leaders are now more engaged in Bitcoin than ever, at least in the decade plus I\u2019ve been doing this,\u201d said Almond.<\/p>\n

\u201cUltimately, leaders follow what their constituents are looking for,\u201d he added, alluding to the notion that those on the bottom of the economic ladder in most countries are simply looking for the type of opportunity that Bitcoin and its surrounding industry can provide.<\/p>\n

\u201cBitcoin provides their constituency base with access to jobs, access to technology and access to financial literacy.\u201d<\/p>\n

Almond also explained how policymakers struggle to address the needs of those at the bottom of the economic pyramid, especially because that demographic doesn\u2019t have much of an economic impact on GDP.<\/p>\n

But when he shows these leaders and policymakers the impact that Bitcoin circular economies are having on their community members, few can deny the impact they\u2019re having, and they quickly become believers.<\/p>\n

He\u2019s excited at the prospect of making more believers while he is in New York.<\/p>\n

\u201cAnytime you can engage leaders of the government and United Nations to talk about how Bitcoin is used in the real world is a good thing, because we are telling the story of why Satoshi created Bitcoin in the first place,\u201d said Almond.<\/p>\n

This post Bitcoin Circular Economies Highlighted at United Nations General Assembly Week Event<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Frank Corva<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Circular Economies Highlighted at United Nations General Assembly Week Event Yesterday, at the Concordia Summit, an annual event held during the UN General Assembly week, Paystand CEO and co-founder Jeremy Almond made the case for why Bitcoin is important for those living outside the borders of highly developed countries, as well as […]<\/p>\n","protected":false},"author":0,"featured_media":98974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98973"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98973"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98974"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}