April 20, 2022

Billionaire Chamath Palihapitiya Bullish On Solana

The founder and CEO of Social Capital, Chamath Palihapitiya, strongly believes that Solana will be preferred for the global transaction.

Recently, Chamath talked about payment activities from the past three months and highlighted Visa and MasterCard plans to increase the fees.

Palihapitiya said that Visa and MasterCard are doing the dumbest thing to raise prices. 

The blockchain platform, Solana, can process a huge number of transactions at a low cost. 

The "proof-of-stake" protocol is environment-friendly in comparison to other blockchain technologies.

Bank of America stated that "solana could take market share away from ethereum."

Do you agree with Chamath?