Crypto
PayPal Makes Retail Stablecoin Play with PYUSD on Solana
![](https://blacknewsdaily.com/wp-content/uploads/2024/05/ZOYHZRFY5VDB3D27AJUEDAM3LE-780x470.jpg)
“Ethereum works well enough,” said PayPal’s Senior Vice President of Blockchain, Jose Fernandez da Ponte. “But if you’re interested in retail payments as we are, basically you need at least 1000 transactions per second, and you need transaction costs in the pennies, not in the dollars.”