Opinion: Solana Has a Chance to Oust Visa and Mastercard

Solana has the potential to disrupt the market for traditional financial services, challenging payment giants Visa and Mastercard. This was stated by Chamath Palihapitiya, founder of the venture-capital firm Social Capital.

Those thoughts were prompted by plans by the card networks to raise merchant-processing fees charged on customers’ credit-card purchases.

“Visa and Mastercard are doing the dumbest thing they could do […] in a period of rising inflation. It is the most sensitive move at the moment,” he explained.

The moves by the payment systems open opportunities for their dismantling by competitors.

“This week I took a look under the hood of Solana Pay. It is truly intriguing. Soon or later, everyone will start using such a convenient service,” he said.

As Bank of America предсказали Solana статус Visa in the crypto world.

Earlier, the head of the cryptocurrency exchange FTX, Sam Bankman-Fried, said that Solana has every chance to become the next Bitcoin.

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