In a recent discussion, Richard Liu highlighted the transformative potential of Huma Finance's PayFi model, which leverages blockchain technology to revolutionize payment processes for merchants and suppliers. According to the results published in the material, this innovation promises to significantly reduce the time it takes to receive funds, addressing a critical pain point in traditional banking systems.
Inefficiencies in Conventional Cross-Border Transfers
Liu pointed out the inherent inefficiencies in conventional cross-border transfers, which often take several days to complete. By utilizing blockchain-based liquidity, Huma Finance enables near-instant settlement, allowing businesses to access their funds almost immediately. This rapid payment capability is particularly vital for smaller enterprises that rely on timely cash flow to operate effectively.
Future of Same-Day Settlement
Looking ahead, Liu expressed optimism that T0 same-day settlement could soon become the norm for both domestic and international transactions. He envisions a future where such swift payment solutions are mainstream within the next five to ten years, fundamentally changing the landscape of financial transactions.
At GITEX GLOBAL 2025, industry leaders showcased groundbreaking innovations, including advancements in AI and blockchain technology. This event highlights the ongoing transformation in technology, contrasting with Richard Liu's insights on Huma Finance's PayFi model. For more details, see further information.
