In a recent interview with Altcoin Daily, Raoul Pal, the founder of Real Vision and a former Goldman Sachs executive, expressed his bullish stance on Solana (SOL), describing it as one of the most promising projects outside of Ethereum (ETH).<\/p>\n
According to a report by The Daily Hodl, Pal praised Solana\u2019s co-founder Anatoly Yakovenko and highlighted the blockchain\u2019s growing developer community and public awareness. Pal says Anatoly Yakovenko \u2014 commonly known as Toly \u2014 is emerging as an important thought leader in the cryptocurrency space. Pal appreciates Yakovenko\u2019s open-minded approach, stating that he builds bridges rather than destroying them. Yakovenko\u2019s leadership style, Pal believes, positively represents the Solana ecosystem.<\/p>\n
Pal is impressed by Solana\u2019s engaged developer community and the passion they have for building the ecosystem and its technology. He also noted that Solana has gained significant public awareness, which is a crucial factor for its growth and adoption.<\/p>\n
On September 5, Visa (NYSE: V) announced that it was \u201cexpanding its stablecoin settlement capabilities to the high-performing Solana blockchain.\u201d <\/p>\n
Cuy Sheffield, Head of Crypto at Visa, had this to say:<\/p>\n
\u201cBy leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we\u2019re helping to improve the speed of cross-border settlement and providing a modern option for our clients to easily send or receive funds from Visa\u2019s treasury. Visa is committed to being on the forefront of digital currency and blockchain innovation and leveraging these new technologies to help improve the way we move money.<\/em>\u201d<\/p>\n Pal said:<\/p>\n \u201cSo, why is Visa using Solana? Because it\u2019s fast. It\u2019s fast, and it does a good job<\/em> \u2026 It\u2019s not Ethereum. It\u2019s different from Ethereum and even the way Toly has been talking about, \u2018Could SOL be a layer-2 on ETH?,\u2019 or \u2018How do these worlds integrate?\u2019 It just shows that for Visa to make a wrong decision is not that easy because things can be bridged, things can be interoperable<\/em> \u2026\u201d<\/p>\n Pal believes that if digital assets are set for another market expansion in the coming years, Solana could be one of the safest bets. He sees Solana as a blockchain that has not made any significant mistakes for a long time, especially when the crypto space was going through periods of \u201cmaximum fear and hate.\u201d<\/p>\n While acknowledging Ethereum\u2019s position as the \u201cbig daddy\u201d of the crypto space, Pal sees Solana as the next best major story. He suggests that when looking for an altcoin that offers relative security, Solana stands out as a strong contender, making it a less risky choice compared to other options.<\/p>\n