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TechFlow reported that at the Solana Breakpoint 2024 conference, José Fernández, PayPal's Head of Blockchain Strategy and Cryptocurrency, said Ethereum is not the optimal solution for payments, which is why PayPal chose to issue its stablecoin on the Solana network.
Fernández noted that Solana offers token scalability, lower transaction costs, and the ability to process 1,000 transactions per second, making it well-suited for mainstream adoption.
At the Solana Breakpoint 2024 conference, José Fernández, PayPal's Head of Blockchain Strategy and Cryptocurrency, said that Ethereum is not the optimal solution for payments, which is why PayPal chose to issue its stablecoin on the Solana network. Fernández noted that Solana offers token scalability, lower transaction costs, and the ability to process 1,000 transactions per second, making it well-suited for mainstream adoption.
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