According to ChainCatcher, at the Solana Breakpoint 2024 conference, José Fernández, head of blockchain strategy and cryptocurrency at PayPal, said that Ethereum is not the best solution in the payment field, which is why PayPal chose to issue stablecoins on the Solana network.
Fernández noted that Solana offers token scaling capabilities, lower transaction costs, and the ability to process 1,000 transactions per second, features that make it well suited for mainstream adoption.
