Solana Foundation Goes All In on Blockchain as a Mainstream Payments Rail

PYMNTS.com May 13, 2024

The landscape of digital assets, blockchain and Web3 technologies is undergoing a shift.

What was once considered theoretical or looked at askance in light of scandal and volatility is now increasingly moving into practical use.

“It’s important to know that crypto is not just bitcoin and Doge and NFTs,” Sheraz Shere, head of payments at Solana Foundation, told PYMNTS. “… Blockchains are really alternative rails for payments and financial assets.”

However, there remains an ongoing challenge in accelerating cryptocurrency adoption — one that requires an evolution from awareness to adoption, particularly among senior leaders in financial services.

“If you think about the mainstream, we are very early, even on the awareness side of things,” Shere said.

That’s because while crypto...

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