Banks Use Visa on Solana Blockchain for $3.5 Billion Payment Run Rate

Financial institutions are processing transactions via Visa on the Solana blockchain, reaching an annualized payment volume of $3.5 billion.

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Terms & Concepts
  • Solana blockchain: A high-performance blockchain platform designed for decentralized applications, known for its fast transaction speeds and low fees.
  • Run rate: A financial projection that estimates annual revenue or transaction volume based on current performance trends.
  • Visa: A global payments network facilitating electronic funds transfers, now integrating with blockchain platforms like Solana for settlement.