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Conflux Foundation Commits $500M to Support PayFi Web3 Payments Solution
The Conflux Foundation has invested $500 million in PayFi, a blockchain-based payments platform aiming to integrate traditional finance services onto the blockchain. This investment aims to develop a "more integrated value network" by bringing financial products like credit cards and invoice financing onto the blockchain. The PayFi stack is built on the Conflux blockchain, focusing on stablecoin and payment infrastructure for consumer-grade payments.
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