Post
Topic
Board Economics
Re: It's good that financial instutions Understood that they need to use crypto
by
Huppercase
on 27/08/2023, 12:58:41 UTC
Yes paypal use crypto but instead of eth many users was expecting the TRON blockchain its faster cheaper and more used.
Eth transactions still too expensive i hope they start use TRON soon

It's not about the fast transaction speed and effective cost, they considered 100% security over anything other elements of the chain. Tron is very fast in transaction and less expensive in terms of transaction fee but the security guard in Ethereum beat any altcoins that we have. Even Tether had more stable coins on Ethereum chain than other chains despite having lower fees. What they did was to only deployed only a fraction of USDT into other chains just to carry them along and also make usdt popular in other place in other to reduce domination of other stablecoins.

I think for now, PayPal will remain on Ethereum chain but with more demands from their customers, they will support other chains like the Arbitrum, Solana, Binance smart chain and other fast layer 1 and 2 blockhains that we have available.