Huma Finance (HUMA) is currently working on something very new called the PayFi Network, which combines payments and financing, allowing real-life income to be converted into on-chain loan assets.
It is different from the previous method of borrowing money with cryptocurrency as collateral; Huma directly uses future income as collateral, such as salaries, customer invoices, and even international remittances. This way, even if you temporarily have no cash, you can receive 70%-90% of your future income in advance.
The entire process runs on smart contracts and a Time Value of Money (TVM) model, where the system analyzes your cash flow patterns, confirms you have stable income, and can immediately disburse loans without collateral.
In simple terms, Huma is helping you cash out future money in advance, which is safe and fast, and it is quite friendly to individuals, companies, and even those doing cross-border business.
