Recently, I saw many people talking about @humafinance at Binance Square, so I went to check the official website. To put it simply, it is a blockchain version of 'installment payments'—you can borrow money without collateral, which is especially suitable for when you need money temporarily.

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 history (which is publicly available 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 to review it.

I think it has 3 practical benefits:

​Fast​: Machines handle it in a few minutes, no need to wait a week like at banks; ​Fair​: All the rules are written on the blockchain, and no one can tamper with them; ​Usable globally​: Just have a crypto wallet, regardless of the country.

However, borrowing money needs to be repaid! Although the interest is lower than that of online loans (at least less than 10% annual interest), you still need to act within your means. For those who want to know the details, you can search for #HumaFinance.

(Official website: huma.finance, I've checked it myself, not just making it up)