One of Ethereum’s biggest problems is scalability, which becomes apparent in high-traffic conditions. Fernandez pointed out that the required network should be able to handle at least 1000 transactions per second, which Ethereum failed to achieve.
Solana had the features that PayPal required in terms of speed and the ability to integrate efficiently into an increasing number of transactions. At first, the division of PayPal, which focuses on cryptos, considered Ethereum for its payment network but quickly understood its drawbacks.
The team then started to look for options, and finally, Solana was chosen as it offered real-time payment processing. This move was made possible because Solana could process more transactions than other blockchains, which suited PayPal’s future payment plans.
PayPal Leverages Solana for PYUSD Stability
Fernandez also cited Solana’s Token Extension features as an important factor influencing the decision to go with Solana in addition to f
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