San Francisco-based company Huma Finance has launched its Payment Financing (PayFi) network on the Solana blockchain. The move will allow Huma to meet the growing demand for affordable and secure on-chain payment financing. By leveraging Solana's fast and low-cost infrastructure, Huma aims to revolutionize traditional payment financing systems that are hindered by high fees and slow processing times. The launch comes as Solana gains traction in the global payments space, with partnerships from companies such as Stripe, Shopify, and PayPal. Huma has already processed over $2 billion in transactions in 2024 and expects to surpass $10 billion by next year. To mark the launch, Huma and its recent merger partner Arf are offering a limited-time campaign for accredited investors, providing double-digit stablecoin yields derived from cross-border payment financing solutions.
- Content Editor ( blockster.com )
- 2024-11-12
Huma Finance Expands PayFi to Solana, Empowering Global Businesses with On-Chain Liquidity