@humafinance

Huma accelerates global payments with

instant access to liquidity anywhere, anytime.

In most geographies, money moves more slowly than expected. Even in the “hyperconnected 2024”, long settlement times, high transaction fees, and limited access to credit are still the norm. Traditional financial systems, designed in an era of centralized banking and static infrastructure, are struggling to keep pace with the growing demands of a hyper-connected global economy.

We need a new financial paradigm that reflects modern realities, one in which payments and financing are instant, programmable, and accessible to everyone, everywhere. PayFi is that paradigm. Payment financing enables businesses and consumers to access future money today. PayFi uses blockchain technologies to revolutionize payment financing, improving existing markets, and unlocking new innovations.

The magnitude of the payment financing market is immense. For instance, the credit card industry, where merchants receive funds much earlier while consumers pay, underpins a market exceeding $16 trillion. Trade finance powers global trade with a $10 trillion market. Additionally, an estimated $4 trillion is locked in pre-funded accounts worldwide, tying up capital that could be used more productively.

As exciting as this vision is, it is riddled with challenges. Moving financial operations on-chain requires overcoming issues such as the lack of global compliance frameworks and the technical complexity of blockchain networks. Without an open and standardized framework, this transition could result in isolated ecosystems, slowing down the adoption and innovation.

Over the last 40 years, the OSI model laid the groundwork for consistent, interoperable standards that have allowed for exponential growth in technology. While the OSI model helped govern the Internet of data, we are now stepping into an era defined by the Internet of money.

#HumaFinance pioneered an open PayFi Stack, inspired by the OSI model, for the world to use and build upon.