Huma Finance Co-founder: Despite Challenges in China and Russia, PayFi Can Succeed in Other BRICS Nations

Blockchain Adoption in BRICS: Richard Liu, co-founder of Huma Finance, predicts that blockchain-based payment systems will see rapid adoption in BRICS countries like India, Brazil, and South Africa, while markets with strict foreign currency controls, such as China and Russia, will be more challenging.

Advantages of T+0 Settlement: Liu highlights the benefits of Huma's PayFi model, which enables same-day settlement (T+0) for cross-border payments, significantly improving cash flow for businesses compared to traditional systems that can take several days.

Regulatory Compliance Focus: Huma Finance emphasizes regulatory compliance in its global expansion, having merged with Swiss-based ARF to operate within established financial rules and using USDC to minimize risk and regulatory friction.

Future of Payments: Liu envisions that near-instant settlement will become the norm in both cross-border and domestic payments within the next five to ten years, transforming the financial landscape for businesses and consumers alike.