Recently, I have been thinking about the practical applications of blockchain technology beyond Crypto Assets trading. The PayFi model proposed by Huma has inspired me. This model is no longer limited to the virtual world, but is directly linked to real-world income. For example, when you issue an invoice but have not yet received payment, the PayFi system can provide loans based on 70% to 80% of your expected income. This process automatically monitors repayments through smart contracts, effectively quantifying the concept of 'credit'.

Compared to traditional Blockchain projects like XRP, HUMA's current market value does seem too low. However, from another perspective, PayFi connects to a real economy revenue market worth trillions, not just funds on the Blockchain. As more people become aware that Blockchain technology can address the pressing issue of 'urgent funding but lacking Crypto Assets', HUMA's current market value may just be a starting point.

The innovation of the PayFi model lies in its effective integration of Blockchain technology with the traditional financial system. This model not only provides more flexible financing options for businesses and individuals but also helps to enhance the liquidity of funds across the entire market. As the popularity of such applications grows, we may see Blockchain technology playing a role in more areas, driving financial innovation and the development of inclusive finance.

However, we also need to note that any emerging technology and financial model faces challenges in regulation and risk control. In the future, how to strike a balance between innovation and risk management will be key to whether emerging financial models like PayFi can sustain their development.