Solana is 'Best Network for Payments,' Says PayPal Exec
CryptoNewsTerminal Staff31 May, 2024
Solana is 'Best Network for Payments,' Says PayPal Exec
Solana is the "best network for payments," according to Jose Fernandez da Ponte, Senior Vice President at PayPal. In an interview with CoinDesk, Fernandez da Ponte highlighted Solana's suitability for payment applications, citing its efficiency and scalability. He noted PayPal's growing support for cryptocurrencies, including its recent integration of the US dollar-pegged stablecoin PYUSD on the Solana network. PayPal's continued embrace of cryptocurrencies underscores the increasing adoption of digital assets for financial transactions. Solana's strengths in processing payments make it an attractive option for PayPal, enabling faster and more cost-effective cross-border remittances and other financial services.
