PayFi Protocol Huma Finance Expands to Solana Blockchain

Odaily News Huma Finance, the EVM-based PayFi protocol, has expanded to the Solana blockchain. The protocol has been running on Ethereum L2 networks such as Polygon, Celo and Scroll, with a transaction volume of more than $2 billion this year and no credit defaults. After merging with cross-border payments company Arf, the company aims to reach $10 billion in transaction volume next year. Huma uses blockchain technology to provide payment financing (or "on-demand liquidity") for use cases such as remittances, digital asset-backed credit cards, trade financing, t+0 solutions for global payments, and DePIN financing, and is committed to solving inefficiencies in the traditional financial system. (The Block)