Last night I had drinks with a friend who works in venture capital. When he recommended the project @Huma Finance 🟣 to me, my first reaction was: "Isn't this just a high-end version of online lending?" As a result, he gave me a thorough education...
The most disruptive aspect of this thing is that it can turn your "future income" into money that you can use right now! For example, if you are a doctor, you can package your treatment fees for the next 10 years into a digital asset. When you urgently need money, you can sell a portion, and the rest can continue to appreciate. My friend said he knows a dentist who did this, cashing out 500,000 in advance for a down payment, with interest rates lower than a mortgage!
It's even more practical for businesses. My cousin runs a factory and often encounters customers delaying payments, which tightens the cash flow. After using Huma, accounts receivable can be converted to cash the same day, with an interest rate of only 6%, which is much more reasonable than private lending. However, it should be noted that it's best to start with small amounts to test the waters, as new things always have an adaptation process.
