Solana is conducting pilots with Visa and Shopify, but it’s unclear whether the blockchain can break into more mainstream consumer and business-to-business payments, which would require a massive jump in scalability, the note said.
“Scalability requirements for consumer payments would require 15-20 fold growth from here (Solana ~700 TPS versus 10K+ for payment networks), and general purpose blockchains are yet to cross that chasm,” the report added.
Read more: Stablecoin USDC Is Making a Comeback: Coinbase
Source: https://www.coindesk.com/business/2024/04/09/stablecoins-are-seeing-adoption-as-a-cross-border-settlement-mechanism-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines