PayPal Executive Criticizes Ethereum, Endorses Solana for Payments

According to Odaily, during the Solana BreakPoint event, PayPal's Head of Crypto, José Fernández, expressed that Ethereum is not the optimal solution for payments. This perspective has driven PayPal to launch related products on Solana, which offers token expansion, lower costs, and the capability to handle 1,000 transactions per second, making it more suitable for mainstream adoption.