PayFi represents a new approach to financial architecture that accelerates the adoption of Web3 technologies. We will explore several examples of its use.
Retail Shopping and Cryptocurrencies
With an increasing number of people working in Web3 receiving salaries in cryptocurrency, there is growing interest in using it for daily purchases. Over 280 companies are developing solutions for cryptocurrency payments.
P2P Transfers and Their Development
P2P transfers were initially needed for the development of blockchain technology, but there remains no single solution to replace traditional apps like PayPal. PayFi promises to improve this process by providing users with the ability to track finances and manage expenses.
Financial Inclusion through PayFi
PayFi could facilitate access to financial services in low-income areas by simplifying usage and allowing bypassing complex financial documents. The platform can help people get paid on time and provide faster, cheaper payments.
PayFi shows significant potential in transforming financial architecture, making cryptocurrency payments more accessible and convenient for a wider audience.
