Stripe Unveils Cryptocurrency-Ledger Initiative Tempo with Paradigm
Stripe is crafting a new blockchain known as Tempo. This venture is materializing through a joint effort with the prominent venture capital firm, Paradigm.
Tempero, as described, is envisioned as a highly performant layer-1 blockchain harmoniously aligned with ethereum. This blockchain feature allows developers to port applications more seamlessly due to the similarity in programming languages.
- High-performance Layer-1 blockchain under advancement.
- compatible with Ethereum for smooth request deployment.
- Could reduce costs, accelerate transactions, and broaden enterprise participation.
In an interesting turn of events, Fortune uncovered the project’s existence via a job advertisement prior to its removal. It seems the move was part of Stripe’s strategy to bolster its crypto capabilities following the acquisition of Privy and Bridge. These acquisitions strengthened Stripe’s presence in the world of稳定coinstablecoins. Paradigm’s co-founder Matt Huang, who also serves on Stripe’s board, further solidifies this partnership.
The implications of Stripe taking control of a blockchain could revolutionize how stablecoins are handled. They may gain more autonomy over transaction speeds, reduce dependability on third-party networks, and tailor transaction fees according to business requirements. Whether tempo launches its own cryptocurrency remains unclear, but this move highlights Stripe’s expanding role in the stabilized payments landscape.
