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Stripe Taps Paradigm’s Matt Huang to Lead New Blockchain Tempo: Fortune
Stripe aims to disrupt traditional payment systems by launching Tempo, a payments-focused blockchain led by Matt Huang, managing $12.7 billion in crypto assets at Paradigm.
8 Articles
8 Articles
Stripe Launches Tempo: Layer-1 Blockchain for Fast Stablecoin Payments
Payments giant Stripe Inc. is making a bold foray into the blockchain arena by appointing Matt Huang, co-founder and managing partner of cryptocurrency venture firm Paradigm, to spearhead its upcoming network called Tempo. According to a report from The Information, Huang, who already sits on Stripe’s board, will assume the role of CEO for Tempo while maintaining his responsibilities at Paradigm. This move underscores Stripe’s ambition to blend …
5 Things to Know About Stripe’s Move to Build Its Own Blockchain
Payments infrastructure company Stripe is moving into the blockchain, according to Forbes, which uncovered a job posting regarding the move. According to the posting, Stripe is planning to launch a payments blockchain called Tempo. “Tempo is a high-performance, payments-focused blockchain,” the advertisement on the Blockchain Association’s website said. Here’s a look at five things that matter about Stripe’s move, including details about the new…
Stripe entrusts the management of its Tempo blockchain to Matt Huang, co-founder of Paradigm, while maintaining its role within the $12.7 billion fund. Tempo will be a blockchain layer 1 aimed at becoming the global reference for crypto payments in a stablecoins market now regulated in the United States by the GENIUS Act. Stripe will face competitors like Plasma or Stable, relying on Huang's technical and strategic expertise to impose. Paradigm'…
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