#HumaFiance

Recently saw a lot of people discussing ​​@Huma Finance 🟣 at Binance Square, so I went to check the official website. To put it simply, it is a blockchain version of 'installment payment'—you can borrow money without collateral, which is especially suitable for times when you are temporarily short on cash.

For example, if you want to buy an expensive programming book but don’t have enough USDC in your wallet. Huma will check your past repayment records (public on the blockchain), and if your credit is decent, you can immediately borrow money to buy the book and pay it back slowly, all without needing a real person to review your application.

I think it has 3 practical benefits:

​Fast​: Machines can handle it in minutes, no need to wait a week like with banks; ​Fair​: The rules are all written on the blockchain, no one can tamper with them; ​Available globally​: You just need a crypto wallet, no distinction between countries.

However, borrowing money must be repaid! Although the interest is lower than online loans (as low as less than 10% annual interest), you still need to act within your means. If you want to know more details, you can search ​​#HumaFinance

(Official website: huma.finance I have checked it myself, not made up)