#Humafinance

Recently saw many people talking in Binance Square ​​@Huma Finance 🟣 so I went to check the official website.

To put it simply, it's the blockchain version of "installment payments"—you can borrow money without collateral, especially suitable for when you're temporarily short on cash.

For example, if you want to buy an expensive programming book, but you don't have enough USDC in your wallet.

Huma will check your past repayment records (which are publicly available on the blockchain), and if your credit is decent, you can immediately borrow money to buy the book, then pay it back slowly, without needing a real person to review.

I think it has three practical benefits:

​Fast​: Machines can complete 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;​

Usable globally​: As long as you have a crypto wallet, it doesn't matter which country you're in.

However, borrowing money still needs to be paid back! 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 the details, you can search ​​#HumaFinance

(I’ve checked the official website myself, it’s not made up)