PayPal Executive: Solana More Suitable for Payments Than Ethereum, Can Process 1,000 Transactions Per Second
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September 20, 2024
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At the Solana Breakpoint 2024 conference, José Fernández, PayPal's Head of Blockchain Strategy and Crypto, stated that Ethereum isn't the ideal solution for payments. He explained that this is why PayPal opted to launch its stablecoin on the Solana network.
Fernández highlighted Solana's advantages, including its scalability, lower transaction costs, and ability to handle 1,000 transactions per second, making it suitable for mainstream adoption.
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