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Stripe Is Building A Blockchain: Can Openness Survive Branded Rails?
NO LOC, AUG 11 – Stripe and Paradigm quietly build Tempo, an Ethereum-compatible layer-1 blockchain aiming to boost stablecoin transaction processing and payments infrastructure, according to multiple sources.
- Stripe is secretly developing Tempo, a high-performance, payments-focused blockchain compatible with Ethereum, as revealed by an August 3 job posting.
- This initiative follows Stripe's $1.1 billion acquisition of stablecoin infrastructure firm Bridge in October and wallet provider Privy in June to expand its crypto stack.
- Tempo is operated by a five-person team in partnership with crypto investment firm Paradigm, whose cofounder Matt Huang also serves on Stripe’s board.
- Stripe has not disclosed plans to issue a native cryptocurrency for Tempo, but controlling the blockchain layer could improve stablecoin settlement speed and reduce reliance on external networks.
- This development indicates Stripe's strategic move to consolidate its role in stablecoin payments amid growing industry interest as stablecoins aim to mainstream crypto for faster global transactions.
20 Articles
20 Articles
Stripe prepares for the launch of Tempo, a Layer 1 blockchain cut for fast payments in stablecoins. The project, still confidential, has been identified in a job offer. This fintech giant therefore seems to want to control, over time, the entire technological chain of payments. The article Stripe built in secret Tempo, a blockchain oriented payments and stablecoins appeared first on Cryptoast.
Stripe Quietly Building ‘Tempo’ Blockchain With Paradigm’s Backing: Report - Invest In Crypto News
A newly published report says fintech heavyweight Stripe is quietly crafting a payments-driven blockchain dubbed “Tempo” in collaboration with cryptocurrency venture capital firm Paradigm, according to a job listing and people with knowledge of the project. Sources: Stripe Is Developing a Blockchain Forbes reported that the Aug. 3 posting, shared through the Blockchain Association, described […] Source link The post Stripe Quietly Building ‘Temp…
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