From practical applications to emerging opportunities, the guests shared insights on how to leverage these technologies to build a more efficient and interconnected financial ecosystem.
On January 2, PolyFlow held its first AMA event of 2025, inviting industry experts Bitget CEO Gracy, Scroll co-founder Sandy, and Geoswift founder and PolyFlow co-founder Raymond. The discussion focused on the transformative roles of Payment Finance (PayFi) and Decentralized Finance (DeFi) in modernizing global finance, connecting traditional systems, and addressing regulatory challenges.
From practical applications to emerging opportunities, the guests shared insights on how to leverage these technologies to build a more efficient and interconnected financial ecosystem.
What is PayFi? Why is it important?
PayFi is a significant advancement that combines the advantages of blockchain with the accessibility of traditional financial systems. It offers faster transactions, lower costs, and transparency that existing infrastructure struggles to match. The true value of PayFi lies in its ability to integrate into the payment habits of everyday users while harnessing the potential of blockchain technology.
Gracy emphasized Bitget's crucial role in driving the adoption of PayFi. She pointed out that its card solution combines the convenience of traditional payment systems with the benefits of cryptocurrency settlement. In Gracy's view, this integration is not just a technical enhancement but an effort to create a seamless experience for users, allowing them to intuitively feel the value of cryptocurrency in real-world scenarios.
Sandy highlighted how PayFi unlocks new efficiencies in industries like trade finance from a different perspective. She mentioned that businesses can utilize blockchain for liquidity management and hedging while reducing the costs and delays associated with traditional cross-border payments. In Sandy's view, PayFi can combine decentralized technology with traditional systems, bringing blockchain closer to mainstream applications.
Raymond analyzed from a broader perspective how PayFi addresses the inherent inefficiencies in traditional banking systems. Traditional systems often require multiple intermediaries to process transactions, leading to delays and increased costs. PayFi eliminates these bottlenecks through direct and transparent flows of funds.
The Role of PayFi and DeFi in Financial Empowerment
PayFi and DeFi are disrupting traditional finance. By removing intermediaries, DeFi provides users with direct access to financial tools like lending and trading. This is not just a disruption but an invitation for more people to participate in a financial system that prioritizes accessibility and user control.
Raymond shared how cryptocurrency addresses inefficiencies that traditional systems struggle to resolve. By supporting peer-to-peer transactions, PayFi simplifies the flow of funds and reduces costs. He mentioned PolyFlow's Payment Liquid Pool (PLP), demonstrating how PayFi offers scalable solutions to global financial challenges.
Gracy discussed how DeFi empowers users to take control of their assets. Without relying on centralized intermediaries, users gain greater autonomy. However, she also pointed out challenges such as smart contract vulnerabilities, user errors, and the learning curve faced by newcomers, which remain barriers to widespread adoption.
Sandy delved deeper into the risks associated with DeFi smart contracts and proposed strategies to minimize such risks. She mentioned innovations like the AI-driven tool Tempest launched by the Scroll platform, which can automatically calibrate risk levels and optimize investments, thereby reducing the manual operations required in traditional DeFi. These innovations are crucial for lowering the technical barriers for users and achieving the inclusivity of DeFi.
The Path to Regulatory Balance
Compliance is an inevitable part of the financial sector, and the blockchain industry is no exception. The guests discussed how to maintain the core principles of decentralization and innovation while meeting regulatory requirements.
Gracy emphasized that regulators are particularly focused on tracking the sources and uses of funds in transactions. She noted that Bitget builds trust and ensures smooth operation in a regulated environment by adhering to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.
Raymond provided an additional perspective, describing how compliance is often a learning process for regulators themselves. He shared how PolyFlow utilizes tools like Payment ID (PID) to address regulatory issues without compromising user privacy. PID allows merchants and regulators to verify necessary transaction details (such as whether a user is qualified for specific operations) without disclosing unnecessary personal data.
The guests unanimously agreed that a clear regulatory framework is crucial for blockchain innovation. Although compliance can sometimes seem restrictive, Gracy and Raymond emphasized the importance of building trust through active engagement with regulators. By providing transparency and ensuring security, projects like Bitget and PolyFlow are working to bridge the gap between innovation and compliance.
Looking Ahead: Driving Adoption and Building Connections
At the end of the AMA, the guests shifted their focus to practical steps for bringing PayFi and DeFi to a broader audience. They emphasized that, in addition to technical and regulatory barriers, user engagement and strategic marketing are equally important in promoting adoption.
Sandy addressed audience questions about marketing strategies, pointing out that education is the cornerstone of effective marketing. She emphasized that for PayFi and DeFi to succeed, users must understand the value these technologies bring to their daily lives. Whether through referral programs or tailored content for specific user groups, she believes simplifying complex concepts is key. Sandy also mentioned that incentives like cashback programs or AI tools for risk management play a significant role in encouraging users to explore blockchain solutions.
Gracy shared insights from Bitget on navigating this evolving space. She emphasized that marketing is not just about creating visibility but also about launching products that align with user needs. Gracy also highlighted the importance of partnerships with payment networks and local merchants to expand the reach of PayFi and ensure users can easily adopt and trust these new technologies.
Raymond concluded by reflecting on the importance of collaboration and long-term planning. He mentioned that PolyFlow's strategy is to build tools like Payment ID (PID) that meet current market demands while laying the groundwork for a more integrated financial ecosystem. He stressed that blockchain projects need to remain adaptable throughout industry development, balancing innovation, usability, and compliance.
The guests unanimously agreed that the future of PayFi and DeFi depends on connecting with users, building trust, and providing meaningful value. By focusing on collaboration, education, and user-centered design, they believe blockchain will become a transformative force in redefining global finance.
Conclusion
The January AMA highlighted the transformative potential of PayFi and DeFi in building a more efficient, inclusive, and transparent financial ecosystem. While challenges such as compliance and technical risks remain, the guests demonstrated how collaboration, innovation, and education can overcome these barriers. As blockchain matures, its ability to redefine global finance and democratize access to financial tools will continue to grow.
For PolyFlow, its mission is clear: to build solutions that connect traditional systems with blockchain, ensuring that every transaction is valuable. Under the leadership of industry figures like Gracy, Sandy, and Raymond, the future of finance is not only digital but also collaborative, inclusive, and unstoppable.
Stay tuned for the latest updates from PolyFlow as we continue to shape the future of PayFi and DeFi.
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