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).
According to a report by The Daily Hodl, Pal praised Solana’s co-founder Anatoly Yakovenko and highlighted the blockchain’s growing developer community and public awareness. Pal says Anatoly Yakovenko — commonly known as Toly — is emerging as an important thought leader in the cryptocurrency space. Pal appreciates Yakovenko’s open-minded approach, stating that he builds bridges rather than destroying them. Yakovenko’s leadership style, Pal believes, positively represents the Solana ecosystem.
Pal is impressed by Solana’s 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.
On September 5, Visa (NYSE: V) announced that it was “expanding its stablecoin settlement capabilities to the high-performing Solana blockchain.”
Cuy Sheffield, Head of Crypto at Visa, had this to say:
“By leveraging stablecoins like USDC and global blockchain networks like Solana and Ethereum, we’re 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’s 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.”
“So, why is Visa using Solana? Because it’s fast. It’s fast, and it does a good job … It’s not Ethereum. It’s different from Ethereum and even the way Toly has been talking about, ‘Could SOL be a layer-2 on ETH?,’ or ‘How do these worlds integrate?’ It just shows that for Visa to make a wrong decision is not that easy because things can be bridged, things can be interoperable …”
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 “maximum fear and hate.”
While acknowledging Ethereum’s position as the “big daddy” 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.