Exclamation, PayFi was originally a strategy that various companies were optimistic about this year to break out of the norm, from U cards, settlements to wealth management, but it hasn't managed to break out and eliminate these traditional players.

Now traditional brokerages have entered the cryptocurrency space to attract clients, trading US stocks, and engaging in the crypto market.

Additionally, recently there have been a few payment settlement companies that everyone knows of, which have reportedly been shut down; other bloggers on this platform should have mentioned this.