Payment financing (PayFi) network Huma Finance launched its protocol on Solana.
Huma aims to provide instant liquidity solutions for global businesses and meet the demand for affordable, accessible, and secure on-chain payment financing.
Solana's low transaction costs and fast finality times will enable Huma to enhance its financing solutions on the blockchain.
Huma has processed over $2 billion in transactions with no credit defaults so far, and aims to reach $10 billion in PayFi transactions in 2025.