Golden Finance reported that at the Consensus HK conference on February 19th, Lily Liu, the chair of the Solana Foundation, stated: PayFi's initial vision was a peer-to-peer electronic cash payment system, but it has always been synonymous with trading, that is, exchanging one Token for another. The original vision of PayFi was to facilitate payments in economic activities, i.e., exchanging Tokens for services. Currently, this vision has not been truly realized, possibly due to a lack of reform and infrastructure improvement.
They believe that the application scenarios of PayFi are huge, it is the white whale of the crypto industry, which is not only a huge challenge but also an opportunity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Solana Foundation Chairman Lily Liu: Very optimistic about PayFi, but the track has not really landed yet.
Golden Finance reported that at the Consensus HK conference on February 19th, Lily Liu, the chair of the Solana Foundation, stated: PayFi's initial vision was a peer-to-peer electronic cash payment system, but it has always been synonymous with trading, that is, exchanging one Token for another. The original vision of PayFi was to facilitate payments in economic activities, i.e., exchanging Tokens for services. Currently, this vision has not been truly realized, possibly due to a lack of reform and infrastructure improvement. They believe that the application scenarios of PayFi are huge, it is the white whale of the crypto industry, which is not only a huge challenge but also an opportunity.