As the infrastructure of PayFi, PolyFlow is integrating digital currency and blockchain technology to create a new encrypted payment network and accelerate the implementation of PayFi applications. PayFi is an innovative application model that combines the advantages of blockchain payment and decentralized finance (DeFi), aiming to realize the vision of the Bitcoin white paper and build a peer-to-peer electronic cash payment network without a trusted third party.
The core concept of PolyFlow is to separate the transaction information flow and capital flow controlled by centralized institutions through modular design, and launch two key components: Payment ID (PID) and Payment Liquidity Pool (PLP). PID is responsible for user identity identification and compliance access, and PLP is responsible for capital flow and custody to ensure security and compliance.
PolyFlow's architecture provides PayFi applications with a lightly regulated, risk-free, DeFi-compatible business framework that supports the implementation of a variety of application scenarios, such as cross-border trade, payment gateways, supply chain finance, etc. Through PolyFlow, PayFi can further expand financial scenarios and achieve financial inclusion for global users.