Anthony Scaramucci Says The World Spends $4 Trillion A Year Verifying Transactions And Solana Could Slash That Cost By 75%

Anthony Scaramucci, CEO of investment firm SkyBridge Capital, said at a recent event that Solana (CRYPTO: SOL)-powered asset tokenization has the potential to reduce transaction verification costs by up to 75% annually.

Scaramucci Builds Case For Solana-Enabled Tokenization

Speaking at the LONGITIDE event in Abu Dhabi on Dec. 11, Scaramucci estimated that global transaction verification costs $4 trillion a year, including credit card fees and wire fees.

“If we were able to adopt Solana and use it in the process of tokenizing assets, you could save probably 75 percent of that,” the vocal cryptocurrency advocate said.

Full story available on Benzinga.com