Huma Finance is the first Payment Finance (PayFi) protocol in the web3 space designed to provide 24/7 global blockchain-based payment solutions by leveraging stablecoins and on-chain liquidity.
Huma aims to counter the challenges plaguing traditional financial systems, such as slow transacting speed, high costs, opaque structures and use of third parties/intermediaries to process payments.
By leveraging stablecoins and different aspects of DeFi such as liquidity provision, Huma promises instantaneous and frictionless payments across borders. Catering to different stakeholders in the global economy, Huma taps into PayFi to accelerate the way money moves. Whether it’s suppliers seeking an affordable and fast payment option or people seeking to send money internationally, Huma will facilitate these payments with ease.
At the heart of this innovative PayFi protocol is the Huma crypto token, HUMA, which is used in Huma’s network for governance and as its utility token.
