Solana Could Cut Payment Costs by 99% for Merchants

Ansem emphasizes that payments are a clear use case where blockchain technology outperforms current systems significantly. He expresses strong confidence in teams like @sphere_labs making progress in this domain. The comparison highlights that while Visa and Mastercard earned around $64 billion from 400 billion transactions last year, these transactions on Solana could generate roughly $400 million in fees — a 99% reduction in costs for merchants. He advocates for adopting Solana for payments, underscoring its potential to drastically cut transaction costs.