Navigating a competitive landscape, the task of securing visibility and credibility proves to be a daunting challenge. This underscores the pivotal role played by partnerships. These are not mere optional strategies; rather, they are indispensable for attaining success. Partnerships possess the potential to unveil opportunities in untapped markets and innovative technologies. For prospective investors, a crucial research practice involves "following the money." Put simply, delve into partnerships, examine use cases, and identify major financial players already exploring or implementing the technology. Within this article lies an illustration of blockchain technology garnering mainstream adoption.
Visa Tests Solana in Search of Modern Corporate Treasury Solutions
Blockchain networks have long been touted as innovative payment solutions. However, their struggle to scale and meet the demands of secure, high-throughput, and low-cost transactions for payment companies and consumers has been evident for years. In the last year, Visa's team has closely monitored the technical advancements in blockchain scalability, particularly the progress seen in new "layer 2" networks on Ethereum and alternative blockchain networks developed from scratch. Visa's objective has been to gain a comprehensive understanding of the technical aspects of blockchain networks and explore ways to leverage them to improve the existing network and create new products for commerce and financial transactions.
Blockchain Confirmation Time in Blocks and Seconds/Minutes
While the Visa team acknowledges the likelihood of multiple blockchain networks being used in the payment ecosystem, they perceive potential in the Solana blockchain network as one that could play a significant role in powering mainstream payment flows. Solana stands out for its speed, scalability, and low transaction costs, making it a promising candidate for efficient blockchain settlement rails, especially when utilizing stablecoins like USDC. The Solana blockchain network incorporates unique features and innovative elements, making it a compelling option for those interested in payment technologies.
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[Source: Visa's Deep Dive on Solana]
[Source: Solana] ( https://solana.com/ )
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