News/Visa Releases Report Highlighting Solana's Technical Advantages for Payment Business

Visa Releases Report Highlighting Solana's Technical Advantages for Payment Business

Sep 14,2023,12:07

Visa has published a research report titled "A deep dive on Solana, a high performance blockchain network".

The report highlights Solana's unique technical advantages, including high throughput through parallel processing, low and predictable transaction costs and high resilience with a large number of nodes and multi-validator clients. These factors collectively create a scalable blockchain platform with compelling value propositions for payments.

These reasons are part of why Visa has decided to expand the pilot scope for stablecoin settlements to include transactions on the Solana network. When Visa tests stablecoin settlement functionality on Solana, the plan is to assess Solana's capability to meet the needs of modern enterprise financial operations.

Prior Reporting: Visa Expands $USDC Settlement Capabilities to Solana

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