From Cointelegraph
November 11, 2024 08:42:39 AM:

Conflux Foundation will invest $500 million in PayFi, a Web3 payments solution. The investment will come from Conflux’s ecosystem fund to develop a blockchain-based payments platform. PayFi aims to bring traditional finance services like credit cards and invoice financing to the blockchain for an integrated value network. The PayFi stack is built on the Conflux blockchain, focusing on stablecoin and payment infrastructure. Intuitive blockchain applications could attract more mainstream cryptocurrency users by addressing usability challenges in current DeFi applications. Trump’s presidency may bring SEC reform and pro-crypto regulations. This is a developing story, with more information to follow.

Read more at Cointelegraph: Conflux Foundation commits $500M to fuel PayFi Web3 payments solution