Paystand Business Clients up 40% and Other Digital Transactions News Briefs from 8/21/20

Blockchain-based business-to-business payments platform Paystand Inc. reported its service now supports 140,000 businesses, up 40% year-over-year, including 150 new enterprise clients. It also said its revenue has grown 1007% over the past three years.
Cryptocurrency provider PayFBit announced it is organizing an initial coin offering to help fund the company, which offers a wallet, peer-to-peer exchange, cryptocurrency exchange, and smart cards, all of which, it said, are aimed at enabling persons to use cryptocurrency in their daily lives.
Online and in-store installment lender Klarna AB said it is offering its services to Beautycounter, a retailer of skin care and cosmetics that sells online and through boutiques.
As a form of pandemic relief, Citigroup Inc. is allowing cardholders to apply their Thank You reward points toward minimum monthly payments.

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