Algorand Foundation's new advertisement causes controversy
According to PANews, a new advertisement released by the Algorand Foundation on YouTube on May 23 has sparked debate. The ad skims over rival networks Bitcoin, Ethereum and Solana, implying that they are not suitable for payments.
The ad, titled 'When Blockchain Meets the Real World, Only One Can Deliver', depicts a supermarket checkout feature. Customers attempt to pay with three different crypto assets: Bitcoin, Ethereum, and Solana. In the ad, customers trying to pay with Bitcoin are asked to wait because the transaction takes 27 minutes. Customers using Ethereum were informed that the transaction required a $112 fee and that customers who chose Solana were unable to complete the payment because the transaction kept failing. The scene then shifts to another form of payment, where customers pay instantly with Algorand, accompanied by the caption 'Instant certainty, low cost, designed for the speed of life.' Political consultant and businessman Anthony Scaramucci also appears at the end of the ad, asking how to join Algorand payments. However, some commentators later pointed out Scaramucci's hypocrisy when he posted on social media just hours after releasing the ad that his next product was 'SOL ETF.'