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DoorDash Joins Massive Fintech Push to Bring Stablecoins Payouts to Merchants
Tempo says the advisory will help businesses integrate stablecoins as it works with DoorDash on paying delivery workers in crypto.
- On Tuesday, blockchain firm Tempo launched a Stablecoin Advisory service to help companies adopt stablecoin payment rails, with DoorDash and Stripe now utilizing the platform for their operations.
- Stablecoins represent a $300 billion crypto asset class offering faster, cheaper cross-border alternatives to traditional banking, aligning with Stripe's goal of making global payments "fast, cheap and borderless."
- DoorDash, which generated nearly $75 billion in merchant sales last year, is deploying stablecoins for cross-border payouts alongside partners including Visa, Fifth Third Bank, and Shopify on Tempo.
- The Stablecoin Advisory comprises a "handful of dedicated folks" within Tempo but will deploy "forward-deployed" engineers to work directly within client firms for successful integration.
- Stripe is cementing its stablecoin dominance after acquiring infrastructure firm Bridge for $1.1 billion in 2024, positioning Tempo to become a central player in mainstreaming blockchain payments.
16 Articles
16 Articles
DoorDash Teams With Tempo to Launch Stablecoin Payments
DoorDash is moving to incorporate stablecoins into its payments infrastructure through a collaboration with Tempo. The initiative is intended to enable faster and more cost-efficient settlements for the platform’s network of dashers, merchants, and users across more than 40 countries. The companies indicated that the integration aims to introduce a stablecoin-based payment rail capable of supporting cross-border transactions with improved speed …
Stablecoin Surge as DoorDash and Stripe Drive Shift in Global Payments
DoorDash, Stripe, Coastal Bank, and ARQ are now integrating stablecoins into their payment systems. These companies are working with Tempo to make transactions faster, cheaper, and more efficient. This move comes as businesses face challenges with managing traditional payment systems, including delays, high costs, and complex cross-border processes. Digital dollar, on the other hand are seen as solution to these problems. Source: Tempo Tempo ha…
STABLECOINS | America’s Largest Food Delivery Platform to Offer Stablecoin Payments via Tempo Blockchain
DoorDash plans to introduce stablecoin-based payments for merchants and delivery workers through a partnership with blockchain project, Tempo, marking one of the largest real-world deployments of crypto payments in the gig economy. The leading U.S. delivery firm said the integration would allow payouts in stablecoins across more than 40 countries, aiming to reduce costs and speed up settlement for its global network of users, merchants and couri…
DoorDash delivery agents in more than 40 countries will be able to collect their deliveries in stablecoins through the Stripe Tempo blockchain. America’s largest delivery platform makes the leap to crypto payments for its global workforce, a decision that could mark a before and after on how the gig economy manages cross-border payrolls. It’s not an experimental pilot. It’s a real-scale deployment. DoorDash stablecoins: How the Payment System Wi…
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