Huma Finance co-founder Richard Liu: Huma's payment financing transaction volume has exceeded 2 billion dollars

ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, Huma Finance co-founder Richard Liu 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 enterprises. An increasing number of consumers are gaining trust in emerging financial tools (such as RWA), and establishing a platform that supports multiple use cases will be key to attracting users and achieving network effects. Huma has merged with Arf to become 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 it has achieved zero credit defaults, with $500 million in new demand waiting to be met each month. Through blockchain and stablecoin technology, PayFi not only revolutionizes the payment financing market but also provides sustainable support for improving cross-border payment efficiency and real-world asset (RWA) yields, further promoting the development of DeFi.

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