According to ChainCatcher's message, during the "DeInsight 2024" annual summit held at Devcon in Bangkok, Richard Liu, the co-founder of Huma Finance, delivered a speech titled "The Future of Financing - Building the World's First PayFi Network".
Richard pointed out that traditional payment tools like Swift play an important role in cross-border transactions, while crypto payments provide new business opportunities for small businesses. More and more consumers are gaining trust in emerging financial instruments (such as RWA), and building a platform that supports multiple use cases will be the key to attracting users and achieving network effects. The merger of Huma and Arf has created the first PayFi network focused on the financing layer, bringing new growth potential to payment financing. Currently, Huma's payment financing transaction volume has exceeded $2 billion, with a monthly growth rate of 10% and zero credit defaults, and there is $500 million in new demand waiting to be met each month. Through blockchain and stablecoin technology, PayFi not only innovates the payment financing market, but also provides sustainable support for improving cross-border payment efficiency and real asset (RWA) returns, further driving the development of DeFi.
Furthermore, Richard revealed that Huma will soon be launched on the Stellar Soroban blockchain, leveraging its built-in structured finance modules and risk management systems to enable convenient financing application configurations, and enhance its risk resilience through a prepaid capital model.
Remote participation 👉
Live video link: https://www.youtube.com/live/tTVcUPumPys
Live image link: https://www.pailixiang.com/album_ia7637038926.html
