In recent years, buying things and transferring money online has become increasingly convenient, leading to a surge in cross-border payments. Major companies in China are working on stablecoins, which essentially aim to make money transfers faster and reduce reliance on the US dollar. At this time, a project called @Huma Finance 🟣 emerged, claiming to use blockchain technology to transform the global cross-border payment landscape, creating a decentralized payment network that sounds quite impressive.
In the past, sending money abroad was quite a hassle; the SWIFT system was painfully slow, often taking three to five days, and the fees were particularly expensive.
The Huma project is remarkable, as it uses blockchain technology to reduce the settlement time to just seconds, with transaction fees only one-tenth of the original costs. Most impressively, it can turn real-world assets into digital tokens, tied to stablecoins, creating a complete financial payment system.
The Huma system is mainly divided into three parts: 1. The transaction part: It uses the Solana and Stellar blockchains, allowing for incredibly fast transfer speeds, processing up to 50 million dollars in transactions a day. 2. The financing part: It turns companies' accounts receivable into digital tokens, having processed 4.6 billion dollars in financing without any issues, making it safe for large institutions to invest. 3. The compliance part: It employs a professional anti-money laundering system, complying with regulations in various countries while protecting user privacy.
They also have a token called $HUMA , which can not only be used for voting to determine the project's direction but can also appreciate in value alongside the project. Some have calculated that if Huma captures 1% of the global PayFi market, the price of this token could more than double. With 400,000 monthly active users on the Jupiter platform, Huma is developing rapidly.
In my opinion, what makes Huma most impressive is how it connects real-world assets, instant settlements, and stablecoins. This not only addresses the longstanding challenges of cross-border payments but also finds practical uses for blockchain technology. If this trend continues, $HUMA is likely to become the first truly realized RWA project. If you are interested in how blockchain can change the real economy, this project is definitely worth paying attention to. #HumaFinance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
