PayFi is uncharted waters for crypto Makes sense that the first to go and explore the possibilities here is a battle-tested protocol like @ClearpoolFin Pretty good medium by the $CPOOL team explaining what PayFI exactly is in the tweet below 👇 To give you a quick TL;DR - Fiat transfers can take up to 3/5 days to settle - This can get particularly bad with cross-border payments - Fee costs also quickly add up - PayFi fixes this with by financing with stablecoins So much liquidity remains locked while waiting for the settlement of this operation And while it may not seem too long, 5 business day can quickly become a huge opportunity cost when the size is important Some actual problems where this can help 👇 ▪ Remittances ▪ FX conversions ▪ On/off-ramp transactions ▪ Card processing