#HumaFiance

Recently saw many people discussing @Huma Finance 🟣 at Binance Square, so I went to the official website to check it out. To put it simply, it's a blockchain version of 'installment payments'—you can borrow money without collateral, especially suitable for when you're temporarily short on cash.

For example, if you want to buy an expensive programming book but don't have enough USDC in your wallet. Huma will check your past repayment records (which are publicly available on the blockchain), and if your credit is decent, you can immediately borrow money to buy the book, and then pay it back slowly, all without having to find a real person for approval.

I think it has three practical benefits:

​Fast​: Machines can handle it in a few minutes, no need to wait a week like at a bank; ​Fair​: The rules are all written on the blockchain, and no one can tamper with them; ​Available globally​: Just need a crypto wallet, no matter the country.

However, borrowing money still needs to be repaid! Although the interest is lower than online loans (with a minimum annual interest rate of less than 10%), you still need to act within your means. If you want to know the details, you can search #HumaFinance

(Official website: huma.finance I've checked it myself, it's not made up)