This project, @Huma Finance 🟣 , might indeed be able to impact SWIFT and carve out a different path in the payment settlement field.
First, let's look at the core advantages. In terms of speed, SWIFT cross-border transfers take 1-5 days, while Huma, based on Solana, can settle in real-time within seconds, which is critically important for merchants to receive funds quickly. As for costs, SWIFT charges $30-50 per transaction, while Huma only charges $0.00025, a difference of over a thousand times.
Its PayFi network allows for direct peer-to-peer transfers without intermediary banks, eliminating the hassle of prepaid accounts and freeing up previously locked funds. Traditional cross-border payments require a pre-deposit in foreign accounts, but Huma uses on-chain stablecoins as a substitute, enabling instant financing during payments, with repayments in 1-5 days, fully traceable on-chain and operable 24 hours.
The transparency is also strong; tracking SWIFT transfers is cumbersome, while Huma is clear on the blockchain, accessible to small businesses and individuals, unlike SWIFT, which only serves large institutions. Furthermore, it doesn't rely on storytelling; it truly addresses the pain point – the low efficiency of cross-border payment funds.
The business model is interesting as well; it does not earn from lending spreads but relies on liquidity turnover. Payment institutions pay 6-10 basis points for a single transaction, with funds being repaid in just a few days, allowing for hundreds of cycles in a year, similar to a supermarket's high turnover model, indicating considerable market space.
Data also shows potential; TTV and repayment volumes have increased 16 times compared to two years ago, with an average APY of 12.36%, and Maxi's 6-month staking accounts for 34.1%, demonstrating long-term capital recognition. August will see a second round of TGE, so those looking to invest should pay attention.
Although there are still some small unresolved questions, it is currently optimizing payment processes in a tangible way and is worth continued attention.
#HumaFinance $HUMA