Conflux Foundation is investing $500 million in PayFi to create a blockchain platform that integrates traditional financial services, such as credit cards and invoice financing, based on Web3 💳

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Conflux Foundation plans to invest $500 million in the development of PayFi, a Web3 payments solution.

The investment will be directed towards creating the PayFi blockchain platform, which aims to bring traditional financial services onto the blockchain. PayFi's goal is to create a more integrated value network, including financial products such as credit cards, invoice financing, and reverse factoring.

The PayFi platform is built on the Conflux blockchain, which focuses on stable coin infrastructure and payments for everyday users.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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