Solana's Payment Network Solana Pay Sees Shopify Integration, But Faces Uphill Battle Against PayPal's Dominance
• Solana (SOL) has skyrocketed 2,700% in the last 3 years, greatly outperforming the Nasdaq • Solana Pay allows direct merchant-consumer transactions with instant settlement and near-zero fees • Solana Pay has potential in the payments industry due to Solana's 50,000 TPS throughput capacity • Solana Pay was integrated with Shopify, allowing merchants to utilize the service • But Solana Pay has far to go to reach PayPal's scale and brand recognition, so widespread adoption faces challenges