Known for speed and low costs, Solana (CRYPTO: SOL) is a promising young cryptocurrency with major potential when it comes to solving some of Ethereum's most pressing problems. Powered by the SOL token, it's a programmable blockchain that can theoretically process 50,000 transactions per second at an average cost of fractions of a penny.
Recently, Solana Labs, a company working to advance the Solana ecosystem, introduced Solana Pay, a payments platform that could revolutionize how merchants and customers interact with each other. If the execution and ultimate user adoption is there, this project will prove that cryptocurrencies do possess real-world utility.
Can Solana -- known as an "Ethereum killer," with a value that soared almost 12,000% since its launch in March 2020 -- become the next PayPal (NASDAQ: PYPL)? It's an interesting thought experiment that warrants some discussion.
Source Fool.com