Conflux Foundation to Invest $500 Million in PayFi Blockchain-Based Payments Platform
The Conflux Foundation has announced plans to invest $500 million from its ecosystem fund to support the growth of PayFi, a blockchain-based payments platform. PayFi aims to bring traditional finance services, such as credit cards and invoice financing, onto the blockchain and create a more integrated value network. The platform is built on the Conflux blockchain, which is focused on stablecoin and payment infrastructure for consumer-grade payments. The move towards blockchain applications with intuitive user experiences could attract more mainstream cryptocurrency users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Argentina’s LIBRA token drops by over 90%
TikTok may become a potential investment target for US sovereign wealth funds
Trump: Someone tried to separate me and Musk but failed
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)