PayPal Criticizes Ethereum for Payment Processing

Ethereum Falls Short for Payment Purposes

Ethereum (ETH), often hailed as a pioneer in the world of blockchain technology, is not the best option for payment processing, according to Jose Fernandez da Ponte, PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies. Speaking at the Solana Breakpoint 2024 conference, Ponte highlighted Ethereum's struggles with handling large transaction volumes as a significant drawback.