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An Interview with Raymond Qu: How PolyFlow Enables PayFi

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The 2008 Bitcoin Whitepaper painted a vision of a peer-to-peer electronic cash system without the need for a trusted third party. Payments were the original promise. However, today’s infrastructure focuses on the trading instead of supporting real-time payments at scale. So what kind of infrastructure can support payments? What role can PayFi play?

In the interview with Raymond Qu, co-founder of PolyFlow, to obtain answers from a seasoned veteran in this space.

Raymond has over two decades of international finance experience. He founded Geoswift, a comprehensive global financial service company. He is also a prominent investor in the global digital finance space with a profound understanding of blockchain technology from a global perspective.

I. The Genesis of PolyFlow

PolyFlow rose from the core concepts of financial transactions: Information Flow and Fund Flow. As the first PayFi, PolyFlow creates a decentralized infrastructure integrating traditional payments, blockchain-based payments, and DeFi. It ensures regulatory compliance, mitigates custodial risks, and connects DeFi ecosystems, promoting efficiency and freedom of value movement. PolyFlow aims to establish a new financial paradigm and industry standard.

II. PID & PLP enables PayFi

PolyFlow introduces two key products: Payment ID (PID) and Payment Liquidity Pool (PLP). Together, PolyFlow creates a compliant, safe, DeFi-compatible business framework for the circulation, custody, and issuance of digital assets.

As Raymond explains, “A PID is more like a wallet that we carry around. Imagine the wallet in our pocket that contains not only cash. It also might hold a family photo (NFT), a bank card (wallet address), an ID (user ZK-enabled information extraction, data privacy protection), and so on… There is much more to be expected from PID. The current Scan to Earn project built around PID is one of them.”

As for PLP, the purpose is to consolidate fund flows, solving unaddressed issues. Raymond elaborated on three settlement modes to illustrate how PolyFlow helps.

Peer-to-Peer Mode

Raymond explained, “The current technology cannot handle transaction-by-transaction accounting. In traditional finance, the ledger is only between the two counterparties, but in blockchain networks, every transaction needs to be recorded by the entire network.”

So how do we build a new settlement model for blockchain-based payments? Raymond stated, “Our original answer was to trust in technological progress. With increased computing power, payment efficiency will eventually catch up. But we cannot rely on future technology to solve today’s problems. We need to address the issue by solving it at the core-by building consensus around fund flows.”

Net Settlement Mode

Raymond clarified, “In this scenario, the actual movement of underlying funds is minimal. What is happening is the continuous exchange of information..”

Net settlement can significantly reduce transaction costs, improve efficiency, reduce counterparty risk, and enhance capital utilization. However, this model requires a centralized trust system with the risks of custodianship and lack of transparency.

To replicate this efficient method of net settlement in blockchain while removing the risks, PolyFlow developed PLP to pool funds on a unified blockchain ledger. The goal is to allow participants to cooperate and verify each transaction’s authenticity without implicit trust in the counterparty.

PayFi Mode

Once consensus is reached around fund flows on the blockchain ledger, we can fully embrace PayFi. With the trust issue resolved, parties can move from daily net settlement to simply paying each other overnight interest for the use of funds. This mode further enhances liquidity.

In the PayFi mode, capital efficiency reaches a new height. Since all parties’ ledgers are unified on the blockchain, it allows real-time verification of transaction details, addressing any funding gaps.

III. PayFi’s Value and Significance

Ever since Lily Liu, President of the Solana Foundation, introduced the PayFi concept at the Hong Kong Web3 Carnival, PolyFlow has been recognized as one of the first protocols designed to build PayFi’s financial infrastructure.

When talking about PayFi, Raymond has a deeper understanding: “What PayFi solves is not the problems that blockchain-based payment needs to solve on the surface. It needs to solve the most fundamental problem at the moment: effectively separating the information flow of the transaction from the fund flow, so that we can form a unified ledger of the flow of funds on the blockchain. Reach consensus for flow of funds on this unified ledger and enhance the efficiency of the entire Web3 industry, to promote real mass adoption.”

Contact Email: kim@polyflow.tech

Name: Kim Shera

City: Vancouver, Canada

Website: https://polyflow.tech/

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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NPC Trading Platform to Introduce New Assets, Enhancing Liquidity in Matching Transactions

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NPC Neutral Financial Inclusive Platform is set to introduce multiple major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and TRON (TRX). This move significantly expands the platform’s trading options while offering users more diversified investment choices and higher asset liquidity. As a key player in the global DeFi sector, this step marks NPC’s firm progress toward becoming the central hub for full-chain liquidity.

Upgrading the DeFi Trading Experience

The introduction of these new assets is primarily supported by NPC’s advanced matching engine. This engine utilizes efficient parallel computing and memory optimization technologies, supporting millions of transactions per second (TPS). This ensures that users experience the highest transaction speeds and efficiency. Even during periods of extreme market volatility, the platform can guarantee smooth execution, ensuring users never miss any trading opportunities.

NPC Team stated, “We are constantly striving to create a more comprehensive and user-friendly DeFi platform. By introducing these leading assets, we are enriching our ecosystem and laying a solid foundation to establish ourselves as the hub for full-chain liquidity. Looking forward, we will continue to bring in more high-quality assets, further enhancing the platform’s competitiveness.”

Empowering Users with AI-Powered Trading

In addition to the new assets, NPC is also integrating advanced AI technology. NPC’s AI-powered trading and analytical tools are fully embedded into the platform, allowing users to execute trading strategies automatically, monitor market trends in real-time, and receive risk alerts. With these smart tools, users can manage their investments more efficiently and accurately, significantly improving the security and value of their assets.

The NPC team added, “AI not only boosts users’ trading efficiency but also ensures their safety in complex market environments. Our AI system provides real-time monitoring and risk warnings, ensuring every user can enjoy a secure and reliable trading environment.”

Future Outlook: Introducing More Assets, Creating a Global Liquidity Hub

As the platform continues to grow, NPC will introduce more mainstream assets and innovative financial tools. By further optimizing the intelligent matching engine and enhancing AI capabilities, NPC ensures that users have access to the best investment opportunities in the market. NPC’s goal is to become an indispensable liquidity hub in the global DeFi market, empowering users, businesses, and communities, and driving the growth of decentralized finance worldwide.

The successful introduction of these major assets not only strengthens NPC’s leading position in the global DeFi market but also lays a solid foundation for the onboarding of more assets and global expansion. With continuous technological innovation and market development, NPC is set to become the preferred decentralized financial services platform for users worldwide.

NPC is a leading decentralized financial platform, committed to providing more equitable, transparent financial services to users worldwide through decentralized technology. The platform supports multi-chain integration and efficient transaction matching, offering AI-powered trading and analytics to help users achieve secure, fast cross-chain asset trading. As the platform continues to expand, NPC is on its way to becoming the central hub for full-chain liquidity in the global DeFi ecosystem.

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Estake Holding: Redefining the Future of Digital Bond Holding and Sustainable Investments

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Belgium, UK, 18th October 2024, ZEX PR WIRE, Estake Holding is at the forefront of transforming the landscape of digital bond holding, combining traditional bonds with cutting-edge decentralized technologies. Our mission is to enhance accessibility, foster community engagement through decentralized governance, and create a transparent, innovative financial ecosystem. With a focus on maximizing financial opportunities for our participants, Estake Holding is driving innovation in the world of electronic bonds.

Our investment portfolio spans across diverse and high-potential markets, including Gold Mining, Real Estate, Forex, Digital Assets, and Hedge Funds. This unique blend of traditional and emerging sectors allows us to manage risk strategically while delivering exceptional returns for our clients. At Estake, we prioritize sophisticated financial strategies and fully managed, high-yield investment products designed to cater to a range of risk appetites.

Key Highlights:

  • Partnerships with Industry Leaders: Estake Holding has established strong partnerships with top players in the gold mining and real estate sectors, expanding its reach and creating new opportunities for growth.
  • Decentralized Governance: Through decentralized technologies, we aim to foster a community-driven environment where participants are empowered to engage and contribute meaningfully.
  • Innovation in Digital Bonds: We are leading the charge in modernizing the financial ecosystem by integrating digital bonds with blockchain technologies, ensuring transparency and security for investors.
  • Focus on Sustainability: Our investments are also aligned with sustainable development goals, as seen in our affordable housing projects and smart city initiatives, where we use innovative technologies such as prefabrication, 3D printing, and sustainable building practices.
  • WeMarket E-commerce Platform: Estake has introduced WeMarket, a next-generation e-commerce platform designed to revolutionize online shopping. This Web and App-based marketplace empowers solopreneurs and franchisees with seamless, automated operations for scalable business ventures.
  • Anti-Counterfeit Solutions: We are also addressing critical industry challenges by offering WeCheck, a blockchain-powered solution for eliminating counterfeit products, ensuring that customers only receive genuine items.

Through these initiatives, Estake Holding continues to build a robust and balanced investment portfolio, fostering long-term financial growth while contributing positively to the global community. We are committed to delivering high-quality, sustainable solutions across industries, with a focus on innovation, efficiency, and community engagement.

For more information, visit Estakebond.com and join us in shaping the future of digital bond holding.

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The Way to Happiness Association of Tennessee Promotes Positive Values at Back In School Festival

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Nashville, Tennessee, 18th October 2024, ZEX PR WIRE, The Way to Happiness Association of Tennessee participated in the recent Back In School festival in the Edgehill neighborhood, engaging local youth with positive and practical life principles from The Way to Happiness common-sense moral code. The festival, which attracted families and students preparing for the school year, provided an ideal platform to share key messages about leading an ethical and fulfilling life.

Volunteers from the association distributed booklets and engaged with young people, encouraging them to apply precepts such as “Honor and Help Your Parents,” “Set a Good Example,” and “Seek to Live with the Truth.” These timeless values, drawn from the non-religious guidebook, aim to inspire youth to make responsible decisions and positively impact their families and communities.

“We believe in equipping young people with the tools to build a better future,” said a representative of The Way to Happiness Association of Tennessee. “The principles in The Way to Happiness provide clear guidance on how to lead a moral life, one rooted in kindness, integrity, and respect.”

With growing concerns about youth facing challenges such as peer pressure and social influences, The Way to Happiness serves as a helpful resource for students to navigate these issues successfully. Precepts like “Set a Good Example” empower young people to take leadership roles within their social circles, while “Seek to Live with the Truth” reinforces the importance of honesty in building trust and lasting relationships.

The Back In School festival was an opportunity for The Way to Happiness Association to engage with local youth and their families, inspiring a renewed commitment to positive moral values as they head into the new school year. The association continues its work throughout Tennessee, participating in community events and initiatives aimed at improving the well-being of individuals and communities through the application of these universal principles.

For more information about The Way to Happiness Association of Tennessee, visit TWTH.org.

About The Way to Happiness

The Way to Happiness is a non-religious moral code based entirely on common sense. Written by author and humanitarian L. Ron Hubbard, the booklet provides 21 principles that offer a guide to a happier, more ethical life. It has been translated into 117 languages, with over 100 million copies distributed in 186 nations.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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