Also talking about PayFi: What are the real pain points of old concept new clothes? Start with a quote from Teacher Niq @ niqislucky: Every few years, new concepts emerge, such as the metaverse RWA、 Chain abstraction, but in fact, it's all old technology with new names. What really matters is not the vanity of pursuing concepts, but rather thinking about what value a technology enabled product can create for users and the world Most PayFi projects nowadays have changed their old concepts to new names, haven't they? ——————————————— From the main venue of the Hong Kong Web3 Carnival to the events of various projects, PayFi is undoubtedly one of the hottest keywords in April. Even in BOB's offline activities, there are people discussing PayFi. What are the real pain points for Chinese players on the PayFi track? What comes to mind based on Zhao's intelligence is: Lacking a truly encrypted connection ↔ The channel of reality! And it must meet the following requirements: Compliance | Easy to operate | Direct connection to bank card ⭐ The most crucial thing is not to freeze the card and to be safe! (OSL is already being laid out, and there are also related discussions in the Infini community) ——————————————— Without delving into lofty concepts, PayFi is probably an old combination of "payment+DeFi". In another dimension, perhaps PayFi could also be a Defi3.0 concept. ——————————————— What do ordinary users really need? one ️⃣ Compliance channel Deposit and withdrawal are not targeted by banks and anti fraud departments! two ️⃣ Minimalist Experience Experience like an iPhone! three ️⃣ Fund security Refusing to freeze cards, deduct funds, and other troublesome things! Reality is very harsh: Currently, most PayFi projects, It's just a rebranding of DeFi, Very few truly address the core pain points ——————————————— Who will be the king of PayFi in the future? Zhao believes that good products speak for themselves, Just like iPhone and OKX Web3 wallet! Existing PayFi track projects that have been experienced and discussed in China: one ️⃣ infini @0xinfini I saw Princess @ 0xsexybaana reposting a video of someone using an Infini Apple Pay Card to pay in a Yipin Chicken Pot. Currently, Infini's Apple Pay Card is also being tested, and the big one is coming soon! If the port card channel can be opened up in the future, such as ZA Zhong'an, then for the vast majority of Web3 players, the PayFi track is really enough. Infini Experience Link 🔗 https://app.infini.money/signup?ref=BCMZA6E Kaito doesn't have Yap score yet, you can experience infini more and then communicate with the princess @ 0xsexybana on Twitter. two ️⃣ OSL @osldotcom Hong Kong licensed, compliant encryption world encryption ↔ The real channel has opened up the connection between Crypto and Hong Kong bank cards. *The threshold for users in mainland China is to have an overseas residence address. three ️⃣ Huma Finance @humafinance Currently, Huma Finance has reached version 2.0, and Zhaozhao experienced it in version 1.0. Version 2.0 introduces unlocked deposits, with a focus on annualized returns on stablecoins ➕ Future airdrop expectations, Huma's new concept is RWA stablecoin returns. Zhaozhao has created several 100U subsistence allowances. link 🔗 https://app.huma.finance?ref=Xkfbxl ——————————————— Write at the end: Whether PayFi's "old concept new clothes" can transform into real value actually depends on compliance, security, and user experience. If a PayFi project comes to users, it is just a game of Defi saving money for annual income+air drop expectation, and it will become a concept foam after TGE.