#HumaFiance

Recently saw many people discussing @Huma Finance 🟣 at Binance Square, so I checked the official website. To put it simply, it’s a blockchain version of 'installment payments'—you can borrow money without collateral, which is especially suitable when you temporarily lack funds.

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 (publicly on the blockchain), and if your credit is decent, you can immediately borrow money to buy the book and pay it back slowly, without needing to find a real person for verification.

I think it has three practical benefits:

​Fast​: The machine finishes in a few minutes, without having to wait a week like at the bank;​Fair​: The rules are all written on the blockchain, and no one can tamper with them;​Available globally​: Just need a crypto wallet, regardless of the country.

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

(Official website: huma.finance I’ve checked it myself, it's not made up)