As of July 26, 2026, what are the latest developments of Conflux’s PayFi transformation?

I. Full integration of payment infrastructure
1. Strategic cooperation with Alchemy Pay (May 29, 2026)
#Conflux and #Alchemy Pay reached a core partnership, achieving three key breakthroughs:
Native support for Conflux-chain USDT 0 stablecoin; users can buy and sell Conflux-chain assets directly with fiat through #ACH ’s global channels.
Opening 300+ global local payment channels, covering bank cards, e-wallets, bank transfers, and offline cashier systems.
On-chain payments for merchants are implemented: offline physical stores and online e-commerce can integrate the ACH cashier system, enabling users to consume directly with stablecoins.
2. Synergistic closed-loop formed with BitUnion prepaid cards
With ACH online inflows/outflows combined with BitUnion UnionPay prepaid cards for offline spending in 183 countries, a complete payment closed loop is achieved: “use fiat to buy stablecoins → store on-chain → make global offline card purchases.”
3. BitStore Card supports CFX top-ups and spending
BitStore and Conflux have entered into a partnership; users can use BitStore Card to top up and spend CFX. In various scenarios such as shopping and dining, it enhances the practical use of digital currencies.

II. Multi-currency settlement and withdrawal features launched
1. GANA deeply integrates BitUnion’s payment solution
GANA has completed deep integration of the Conflux BitUnion payment solution, introducing multi-fiat settlement capabilities (USD, GBP, etc.), significantly improving cross-border payment efficiency.
2. GANA launches Conflux PayFi withdrawal feature (May 11, 2026)
GANA officially launched the Conflux PayFi withdrawal function, allowing users to directly convert Web3 assets to bank accounts, supporting real-time deposits in major currencies such as USD, RMB, KRW, JPY, and HKD.

III. Ecosystem funds and incentive programs
1. A 500 million CFX ecosystem fund dedicated for support
The Conflux Foundation allocates 500 million CFX from the ecosystem fund specifically to promote the development of PayFi stack components.
2. GANA and Conflux establish a strategic partnership
The two sides will collaborate around three directions: Web3 payment and stablecoin application scenarios; combining on-chain assets with real-world consumption scenarios; and integrating public-chain infrastructure with the payment network.

IV. Clear strategic positioning
Conflux is in a critical stage of transitioning from #DeFi to PayFi and RWA, and its core narrative has shifted to real-world financial infrastructure. Although the market is still in a phase of “narrative leading but demand lagging,” the payment closed loop has already taken shape, and infrastructure buildout is accelerating.

In summary: Conflux’s latest progress in its #PayFi transformation is mainly reflected in three areas—payment channel integration (Alchemy Pay, BitUnion, BitStore), establishing multi-currency settlement capabilities (GANA integration), and ecosystem fund injection (a 500 million CFX fund). The PayFi infrastructure is basically ready, and it is now awaiting validation and a demand-driven surge from the market side.

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