Stripe Builds Payments Blockchain ‘Tempo’ With Paradigm in Crypto Expansion – Crypto News – Crypto News
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Stripe Builds Payments Blockchain ‘Tempo’ With Paradigm in Crypto Expansion Stripe Builds Payments Blockchain ‘Tempo’ With Paradigm in Crypto Expansion

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Stripe Builds Payments Blockchain ‘Tempo’ With Paradigm in Crypto Expansion – Crypto News

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Stripe is developing an in-house layer-1 blockchain dubbed “Tempo” in partnership with crypto venture capital firm Paradigm, according to a job advertisement posted on Aug

Stripe is developing an in-house layer-1 blockchain dubbed “Tempo” in partnership with crypto venture capital firm Paradigm, according to a job advertisement posted on Aug. 3 and people briefed on the plan. The listing, for a product-marketing lead, describes Tempo as “a high-performance, payments-focused blockchain” aimed at Fortune 500 clients. Four sources told Fortune the network is compatible with Ethereum’s programming language, is being built by a stealth team of five and remains unannounced publicly. Spokespeople for both Stripe and Paradigm declined to comment.

The project marks the latest step in Stripe’s deepening push into digital-asset infrastructure. The payments company, last valued at roughly $92 billion, spent $1.1 billion in October to buy stablecoin platform Bridge and acquired crypto-wallet developer Privy in June. Chief Executive Officer Patrick Collison told U.S. lawmakers in March that business interest in stablecoins is “meaningful” as the technology matures. Developing its own settlement chain would give Stripe control over yet another layer of the stablecoin stack, from issuance and wallets to transaction processing.

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