To dive deeper, check out the complete article from original source:
https://droomdroom.com/understanding-buy-now-pay-never-in-payfi/


Buy Now, Pay Never is a groundbreaking concept introduced by PayFi, a new model in blockchain-based finance. Unlike the traditional "Buy Now, Pay Later" system, this approach allows users to make purchases without paying any actual money or crypto. Instead, the cost is covered through rewards accumulated from DeFi platforms.

The idea functions like an advanced version of cashback—except users spend entirely using crypto rewards earned from activities on liquidity pools, peer-to-peer dApps, and other PayFi-integrated platforms.

The concept gained momentum when Solana Foundation President Lily Liu predicted that PayFi could potentially surpass DeFi in impact. This optimism is supported by recent data, as DeFi’s Total Value Locked (TVL) rose by 13% in May 2025—its highest during the current bull cycle.