PayFi: Opening a New Chapter in Encryption Payments

The stablecoin market continues to grow, and encryption payments are gradually integrating into the traditional financial system. However, encryption payments still face challenges such as unstable transaction costs, limited processing capacity, and lack of application scenarios. PayFi, as an innovative application that integrates Web3 payments, DeFi, and RWA, aims to promote the application of digital assets in the real world.

The core理念 of PayFi includes:

1. Move traditional payment scenarios on-chain through asset tokenization.
2. Utilize smart contracts and decentralized features to release the time value of funds in a cost-effective and efficient manner.

Currently, Solana has become the main public chain choice for PayFi due to its high performance, capital liquidity, and rich application ecosystem. However, emerging public chains like Sui and TON also demonstrate unique advantages, offering more possibilities for the future.

PayFi's business model primarily focuses on cross-border trade and credit finance. Huma Finance, as a representative project, offers innovative services such as "Buy Now, Pay Never."

PayFi has global potential, capable of complementing existing digital payment systems in developed countries and providing financial services to the unbanked population in emerging markets. With the rise of the RWA model, PayFi is expected to fill the investment demand following the decline in U.S. Treasury yields.

The future PayFi project should focus on segmented payment scenarios and develop more innovative products such as instant lending, advanced consumption, and investment. As a composite innovative business model, the overall market value of the PayFi track is expected to exceed ten billion dollars, becoming a key force in bridging the integration of encryption and traditional finance.