PayFi Open Microphone No.1: Web3 and Internet Giants, Payment Alliances and Concept Implementation

Written by: Will Awang

late 2024 and early 2025, the new word "PayFi" has quietly appeared in the context of the crypto community.

At first, it was seen as a "narrative wrapper" for the Solana community - Crypto payments were superimposed on liquidity and interest rate models, as if DeFi had changed its name. However, as a group of long-term payment builders joined the discussion, this seemingly new bottle of old wine concept was gradually given a more realistic and infrastructure-based meaning.

PayFi is no longer a "story of issuing coins for the sake of issuing coins", but the reconstruction of traditional payment in the Web3 world through blockchain.

The open mic invited practitioners and thinkers from the front line of PayFi, including:

• Will (@Will_7th): Web3 lawyer, who participated in the construction of multiple payment projects, focusing on stablecoins, payments, tokenization and RWA.

• Kay (@portal_kay): Web3...

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