billionaire investor Chamath Palihapitiyaannounced that it thinks a crypto project will play a role in a market disruption that challenges the financial supremacy of giant payments companies.
Participating in a new interview on All-In Podcast, Chamath Palihapitiya noted that there has been an increase in activity in the payments industry over the past 90 days.
“I think Visa and Mastercard are doing the dumbest thing they can do as two rival firms that are driving prices up, especially towards an inflationary moment, lacking the full knowledge and sensitivity of that moment.”
Chamath Palihapitiya claimed that the decision to raise prices “created incentives for deterioration.” Part of this disruption is its Ethereum rival. Left (LEFT) He thinks it’s a project.
“This week I had the opportunity to see and review Solana Pay from its end and this project is really exciting. It comes with a lot of things, and these developments are like a bunch of activities designed to break up payment businesses.”
Solana Shareis a decentralized peer-to-peer payment protocol launched in February.
“The core premise behind Solana Pay is that payment and its underlying technology will evolve from a necessary service tool to a true peer-to-peer communication channel between merchant and consumer.”
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