Detailed Explanation of the PayFi Concept by humafinance
PayFi is the fusion of payment and finance, defined by @Huma Finance 🟣 as a future trend. It differs from pure DeFi speculation, as it is driven by real payments that generate returns. The platform supports 24/7 real-time settlement, utilizing Solana's high speed to ensure low-cost global transfers. The transfer of USDC on Solana accounts for 50%, proving its efficiency.
Convenience is highlighted: merchants overcome time zone barriers and have instant access to liquidity; developers can build payment apps and easily integrate them. The Huma network emphasizes decentralization to avoid single points of failure. Recent interactions such as “Pushing PayFi” have received enthusiastic responses from the community, reflecting an optimistic atmosphere.
The $HUMA token incentivizes staking, allowing users to earn feathers and enhance their governance rights. The Aftermovie of the Hong Kong summit showcases the vitality of the PayFi movement, with the next step being the Singapore summit in October.
Newcomers can start at Binance Square to learn how PayFi is reshaping the internet capital market.
