Meet Stronghold®, the payments fintech changing the game for businesses of all sizes to benefit from blockchain-based financial services. Recently named a Forbes Fintech 50 company, Stronghold joins a list filled with innovators like Stripe, Plaid, and OpenSea. Forbes spotlighted Stronghold for its mission to provide fast, secure, and accessible financial services, empowering the company to expand financial infrastructure for businesses of all sizes and sectors. While financial technology is on the rise in the age of blockchain, not all fintechs are created equal. Here’s how Stronghold delivers a seriously different approach to finance.
Bridging legacy banking and blockchain
Stronghold has one foot in traditional payments and one foot in blockchain, which means it can meet a company at its current payment setup, no matter where that is. Its cross-system expertise helps clients expand by bridging the divide between traditional and modern payment rails. Many legacy systems and banks offer a one-size-fits-all approach and overlook the diversity and differences of modern businesses. While legacy payment systems work well for larger companies and standard retailers, they are often less suitable for small businesses and innovative operations. Traditional financial infrastructure is also filled with codified discrimination that penalizes non-traditional business types – it’s time for a change.
Aiming to overcome these shortcomings, Stronghold offers bespoke payment solutions that don’t require a total overhaul of existing operations. Stronghold’s virtual payment network combines existing standards with modern infrastructure updates by focusing on interoperability. With Stronghold, businesses can adopt new payment technology without worrying about high upfront costs and onboarding procedures.
DeFi for immediate customer benefit
Stronghold is passionate about supporting its customer’s movement into DeFi and blockchain at the pace that matches their needs. Part of this is our merchant rewards program, built around the SHx utility token, which Stronghold clients can use within the SHx ecosystem.
The SHx token powers our loyalty and rewards system. Program members receive points for every transaction dollar processed using Stronghold payment tools. Stronghold provides clients with one corresponding point for each dollar of transaction volume. They can redeem the points to receive Stronghold’s SHx tokens, increase the partnership fee payable from Stronghold, and even receive rebates for Stronghold’s processing fees. By integrating the SHx crypto token, Stronghold lays the groundwork for exciting developments in the future of payments and digital currency as an integral part of fintech as a whole.
Safety and accessibility for highly regulated businesses
Stronghold focuses largely on payment infrastructure, including tools and systems for highly regulated industries in jurisdictions with financial restrictions for non-traditional business sectors. Stronghold’s initiatives can make cash safer for people who work in bank-restricted industries, such as drivers and shop owners. One needs to look no further than the onset of the pandemic in 2020 to see the value of having digital systems that back up cash transactions.
Stronghold also offers a merchant financing program to make financial services accessible to all by offering a ready, quick, and simple source of capital. Businesses can access this capital using a sustainable repayment model directly from their payment stream. Stronghold also is home to an ecosystem fund, Stronghold Capital, which supports members of the Stronghold ecosystem across payments and fintech, underrepresented funds and fund managers, and Web3 and blockchain.
We know how often businesses encounter obstacles like hidden or excess fees and hard-to-navigate infrastructure in other financial institutions. Stronghold’s streamlined payment processes seek to solve these challenges and provide more advantageous financial services to businesses of all sizes.
Want to learn more about Stronghold’s strides toward a better world of fast finance? Visit the site for the latest company updates.