PayFi: How Solana is Building the Original Vision of Programmable Money - TOKEN2049 Singapore 2024
Join Lily, President of the Solana Foundation, at TOKEN2049 Singapore 2024 as she delves into "PayFi: How Solana is Building the Original Vision of Programmable Money." With a deep-rooted history in crypto dating back to when Bitcoin was the sole player, Lily reflects on blockchain's promise of programmable money, inspired by Bitcoin's original vision for a peer-to-peer electronic cash system. She explores the limitations of traditional finance systems—highlighting prohibitive costs and limited financial access—and argues for the transformative power of decentralized finance (DeFi) in building an open financial landscape.
Lily illustrates how Solana aims to solve these challenges, focusing on three essential components: performance, capital liquidity, and developer engagement. By marrying speed, asset liquidity, and a vast developer ecosystem, Solana stands out as a leader in building scalable blockchain applications. Through innovative examples like "Buy Now Pay Never" and unlocking credit markets for digital creators, Lily demonstrates how blockchain's programmability can lead to new financial models and markets.
Highlighting PayFi's pivotal role, Lily emphasizes how Solana uniquely unifies performance and liquidity, driving the future of decentralized finance. Watch this informative session to understand the profound changes Solana and PayFi are introducing to the financial sector. For more insights, like, comment, and subscribe to our channel. Join the conversation and become part of the PayFi movement today!
