{"id":33147,"date":"2024-05-30T14:24:09","date_gmt":"2024-05-30T14:24:09","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=33147"},"modified":"2024-05-30T14:24:09","modified_gmt":"2024-05-30T14:24:09","slug":"paypal-launches-pyusd-stablecoin-on-solana-blockchain","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/05\/30\/paypal-launches-pyusd-stablecoin-on-solana-blockchain\/","title":{"rendered":"PayPal Launches PYUSD Stablecoin on Solana Blockchain"},"content":{"rendered":"<p>PayPal has expanded its stablecoin, PYUSD, to the Solana blockchain, marking its second blockchain integration after Ethereum. The move aims to leverage Solana&#8217;s high-speed transactions and lower fees to facilitate daily transactions.<\/p>\n<p>With Solana processing 65,000 transactions per second at fees as low as $0.0025, compared to Ethereum&#8217;s 15 transactions per second with higher fees, PayPal sees an opportunity to enhance user experience. Jose Fernandez da Ponte, PayPal&#8217;s senior VP of blockchain, highlighted that the expansion aligns with PayPal&#8217;s mission to enable digital currency transactions for commerce.<\/p>\n<p>Despite Solana&#8217;s impressive transaction volume of $1.5 trillion in the last year, challenges like network outages have been reported. However, Solana is actively working on updates to address these issues and improve user experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal has expanded its stablecoin, PYUSD, to the Solana blockchain, marking its second blockchain integration after Ethereum. The move aims to leverage Solana&#8217;s high-speed transactions and lower fees to facilitate daily transactions. With Solana processing 65,000 transactions per second at fees as low as $0.0025, compared to Ethereum&#8217;s 15 transactions per second with higher fees, [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":33152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,249],"tags":[],"class_list":["post-33147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/33147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=33147"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/33147\/revisions"}],"predecessor-version":[{"id":33171,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/33147\/revisions\/33171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/33152"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=33147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=33147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=33147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}