On May 29, 2024, PayPal announced its decision to build on the Solana blockchain, joining other major financial institutions such as Visa, Shopify Pay, and Stripe in leveraging Solana's capabilities. This move highlights the growing trend of large enterprises adopting blockchain technology for enhanced payment solutions. PayPal is the first enterprise to adopt Solana's Token Extensions, which provide powerful and innovative features for payment use cases, including accounts payable and remittance, with built-in compliance. This development underscores Solana's position as a leading platform for enterprise blockchain applications. Liam Gallas unpacked the deal for DLNewsInfo.