PayFi vs DeFi: Understanding the Difference
PayFi vs DeFi: Understanding the Difference
馃挕 PayFi: More than DeFi?
At the recent #PayFiSummit, Cali Liu, President of the Solana Foundation, clarified the distinction between PayFi and DeFi. The term PayFi, coined by Liu, represents a new paradigm in financial technology.
- PayFi focuses on everyday payment solutions
- DeFi primarily deals with broader financial services
Edwin Aoki, CTO of Blockchain, Crypto & Digital Currencies at PayPal, highlighted the outdated nature of current value transfer systems. He emphasized how PYUSD and Solana are poised to revolutionize payments through:
- Instant transfers
- Low transaction costs
- Enhanced transparency
These innovations aim to modernize the 50-year-old financial infrastructure currently in use.
馃挕Isn't PayFi just DeFi? Let's settle it once & for all... @calilyliu President of the @SolanaFndn鈥攚ho coined the term PayFi鈥攂reaks down the difference at our recent #PayFiSummit.
Huma 2.0 Deposit Window Opens with Early Access for Badge Holders
Huma 2.0 is reopening deposits with a 24-hour early access period for OG and Vanguard badge holders starting July 13, 00:00 UTC. Key details: - 500k wallet allocation - Classic Mode: 10% APY + up to 11x Feathers - Maxi Mode: Up to 19x Feathers - Public access begins July 14, 00:00 UTC **Vanguard Badge Requirements:** - Stake 100,000 $HUMA to get on track - Maintain stake for 6 months to earn badge - Exclusive perks while on track Existing deposits automatically receive optimal multipliers between old and new systems. Feather rewards now factor in staked $HUMA amounts alongside Mode, Duration, and OG status.
Huma 2.0 Launches Permissionless DeFi Platform with Real-World Yields
Huma has announced the launch of its 2.0 platform, marking a significant shift in DeFi accessibility. The update introduces: - Permissionless access while maintaining compliance - Double-digit yields from real-world financial transactions - New reward system with Huma Feathers - 1:1 conversion of existing Huma points to Feathers The platform focuses on sustainable returns through real-world financial transactions, making DeFi accessible to everyone outside restricted regions. This launch represents a key milestone in PayFi evolution. Want to learn more about real-yield opportunities? Visit [Huma](https://huma.finance)
PayFi Summit Announces Notable Speakers for Hong Kong Event
The upcoming PayFi Summit at Consensus Hong Kong has announced two prominent speakers: - **Ada Vaughan**, Senior Director of DeFi Partnerships at Stellar Organization, brings her expertise in global partnerships and DeFi strategy. Vaughan holds an MBA from Georgetown and has a background as a serial entrepreneur. - **Takayama Joe**, a crypto YouTuber and investor with 155,000 subscribers, will share insights on DeFi, Solana ecosystem, and AI in crypto. Event Details: - Date: February 17 - Location: Hong Kong - Registration: [Register Here](https://lu.ma/10xsqb5z)
Future of Payments on Stellar Discussed at PayFi Summit
At the recent PayFi Summit, Tomer Weller engaged in a fireside chat with 0xErbil to discuss the future of payments on the Stellar network. The conversation aimed to provide a comprehensive overview of what lies ahead for this blockchain-based payment system. Key points likely covered: - Current state of Stellar's payment infrastructure - Potential improvements and innovations - Challenges facing widespread adoption - Integration with traditional financial systems While specific details are not provided, the discussion likely touched on Stellar's role in shaping the future of global financial transactions.