PayFi, or Payment Finance, is an innovative technology and application model that combines payment functions with financial services in the blockchain and cryptocurrency fields.
PayFi can utilize blockchain technology to revolutionize payment systems, achieve more efficient and cost-effective transactions, offer new financial experiences, develop more complex financial products and application scenarios, create an integrated value chain, and thus form new financial clusters.
To achieve this vision, a new, more stable, efficient, and trustworthy encrypted stablecoin is needed to circulate the entire PayFi ecosystem, including sending, receiving, and settling processes both on-chain and off-chain.