Paystand CEO: “those projects, that survived the bear market, are the effective ones.”

Paystand CEO Jeremy Almond is confident companies that bring real value to the crypto community are currently hold the solid positions, and there are no clouds in the sky. The expert believes the most effective method for a business to plan its further processes is to maintain the balance between a “tough understanding of the facts” and “relentless optimism about the own future.”

“During hard times, it is important that your company is resilient and optimistic about the world it creates,” Almond said.

The head of Paystand believes crypto projects need to become those that can embody the vision of the future, so the companies should prepare for further difficulties. According to the businessman, the most effective companies are those that remain resilient in today’s environment.

Jeremy notes shortly the crypto industry will have about 1 billion active users. According to the businessman, cryptography will not disappear anywhere, and a business with a focus on digital assets will get through the bear market with better digital solutions.

“Companies that survive will prosper and grow further, become the ones that create real suggestions and services, be part of a larger movement that is already driving change in our business and society,” Almond said.

Paystand’s CEO predicts that “in a bear market, the best developers will move on to companies that have the most impact on businesses and consumers.” He also believes the crypto community needs to pay attention to the progress made by the blockchain industry over the past 10 years, in particular parts such as DeFi and NFT.

The experts from the International Association of Money Transfer Networks (IAMTN) is confident the integration of digital assets in international transactions can be a viable alternative to the traditional methods of payment. Analysts pointed out that the deterioration of correspondent relations between banking institutions against the backdrop of an increase in the volume of international payments confirms the importance of the development of blockchain and other related technologies.

“Thanks to a new stack of technologies, international transactions can be completed almost instantly. Several businesses, from traditional remittance service providers to crypto fintech companies, are already using blockchain technology to improve money transfer systems,” the IAMTN report says.