SOL Foundation: PayFi application scenarios are the white whale of the crypto industry, and the token will not really disappear if it has a community

Liu Yuanli, Chairman of the Solana Foundation, said at the Consensus Hong Kong Conference that the application scenarios of PayFi are huge and it is the white whale of the cryptocurrency industry. If the goal of each blockchain is to become the global financial infrastructure, then the core goal of these technology stacks and industries is to build a financial layer that allows the 5.5 billion internet users to use it. Once a token has a community, it means it will not truly disappear. For example, projects like Ethereum Classic or rarely mentioned projects like Bitcoin Gold and Bitcoin Diamond continue to have huge market values because of their community size and long-lasting vitality. PayFi's vision is to conduct payments in economic activities, that is, to exchange tokens for services, which has not been truly achieved yet.