Credit card giant Visa praises Solana’s unique technological advantages
In a recent blog post, Visa has highlighted Solana’s distinctive features that set it apart from other blockchain platforms. According to Visa, Solana offers low and predictable transfer fees, high throughput rates, and significant node support. The company even suggests that Solana has an edge over Bitcoin and Ethereum in certain aspects.
Visa emphasizes Solana’s affordable and predictable transaction fees, which are usually less than $0.001. In contrast, Bitcoin and Ethereum often have fluctuating fees based on transaction demand, making them more challenging for payment companies to manage effectively.
Due to Solana’s efficiency, Visa has decided to expand its stablecoin settlement program to include the blockchain platform. This expansion aims to test Solana’s capacity to meet the financial demands of modern corporations. The company recognizes Solana’s high throughput, low cost, localized fee markets, and resiliency as key factors contributing to its value proposition for payments.
Solana trading at $18.39 with a 2.19% increase in the last 24 hours
At the time of writing, Solana is trading at $18.39, representing a 2.19% increase in the last 24 hours.
Hot Take: Visa Acknowledges Solana’s Technological Superiority
Visa’s recent acknowledgment of Solana’s unique technological advantages reinforces the platform’s growing reputation in the crypto industry. With its low and predictable transaction fees, high throughput rates, and strong node support, Solana offers an attractive value proposition for payments. Visa’s decision to expand its stablecoin settlement program to include Solana demonstrates confidence in the blockchain’s ability to meet the demands of modern corporate treasury operations. As Solana continues to gain recognition and adoption, it solidifies its position as a significant Ethereum competitor.
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